On Saturday, Olectra Greentech Limited (OGL), a city-based electric vehicle manufacturer, announced its best performance yet, with a more than three-fold increase in consolidated net profit for the quarter ended December 31, 2021, at around INR 13 crore, compared to INR 3 crore in the third quarter of 2020-21. This was based on a 241% rise in sales for the third quarter of 2021-22, which totaled INR 208 crore, compared to INR 61 crore in Q3FY21. Net profit grew 175 percent to INR 12.5 crore in Q3FY22 from INR 4.6 crore in Q3FY21, on revenue increasing 245 percent to INR 207 crore in Q3FY22 from INR 60 crore in Q3FY21.
