Electrovaya (ELVA) Revenue by Segment

Shows how Electrovaya’s sales are distributed across its business lines—such as battery cell manufacturing, battery systems and energy storage projects, and any services or licensing. Reveals which parts of the business generate growth and profits, where margins differ, and whether the company relies on a single product or a diversified mix, all of which affect future revenue stability and upside.

Growth is overwhelmingly concentrated in Large Format Batteries—this segment is carrying the company’s topline and underwriting the margin and cash‑flow improvements management highlighted. The Other category is immaterial and volatile (even negative), suggesting one‑off orders, adjustments or contract timing rather than a durable revenue stream. The strong backlog and Jamestown ramp support near‑term module/system revenue, but meaningful upside from in‑house cell production remains delayed to FY2027; higher debt and upcoming Ex‑Im costs are the main execution risks to monitor.