Ola Electric Mobility Ltd. Results

Q2FY25 Quarterly Result Announced for Ola Electric Mobility Ltd.

2/3 Wheelers company Ola Electric Mobility announced Q2FY25 results Company registered quarterly Revenue of Rs 1,240 crore in Q2FY25, up by 38.5% from Rs 896 crore during the Q2FY24. Company posted Gross Margin of 20.3% in Q2FY25, incroreeasing by 12.0 pp YoY. Company delivered 98,619 units during the quarter, up 73.6% YoY. Operating expenses are marginally lower by 1% QoQ thereby continuing the focus on keeping operating expenses at an almost constant level. The Gen 3 platform announced in August is ahead of schedule and the S1 Gen 3 products would be delivered in January 2025 thereby enabling a 20 pp improvement in margins over next 12 months.

Q1FY25 Quarterly Result Announced for Ola Electric Mobility Ltd.

Automobile company Ola Electric Mobility announced Q1FY25 results: Ola Electric’s Automotive Segment inches closer to breakeven with an EBITDA margin of (1.97)% for the quarter Registers its highest ever quarterly Revenue of Rs 1,718 Cr in Q1 FY25 with 48.63% market share Company announced the integration of its cells in its own vehicles Q1 FY26 Company to launch its electric motorcycle portfolio across mass and premium segments during its annual flagship event on August 15, 2024 Company posted Adjusted Gross Margin of Rs 377 Cr for the quarter ended 30th June 2024. The Adjusted Gross Margin stood at 21.94% of Revenue, up 873 bps YoY from 13.21% for the same quarter last year.