Electrovaya Reports Robust Q3 FY2025 Financial Results

Electrovaya Inc. announced a significant 67% year-on-year revenue increase for Q3 FY2025, reaching $17.1 million. The company's adjusted EBITDA surged 387% to $2.9 million, representing 17% of revenue, marking the ninth consecutive quarter of positive adjusted EBITDA. A net profit of $0.9 million and an EPS of $0.02 were also reported.

The company reaffirmed its fiscal 2025 revenue guidance, expecting over $60 million driven by a strong order pipeline, notably securing $66 million in orders in nine months. Expanded manufacturing operations, including a new shift in Mississauga and assembly in Jamestown, are set to meet increasing demand.

In addition, Electrovaya emphasized advancements in its Infinity technology, UL certification for battery systems, and new products across sectors like robotics, airport equipment, and class 8 trucks. Partnerships in defense, construction, and mining further amplify its growth potential.