Ola Electric Mobility Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- Ola Electric Mobility Ltd reported a 10.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 14.5%.
- Its expenses for the quarter were down by 4.0% QoQ and 0.5% YoY.
- The net profit increased 13.9% QoQ and increased 49.4% YoY.
- The earnings per share (EPS) of Ola Electric Mobility Ltd declined at 1.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1172.00 | 1314.00 | 1371.27 | -10.8% | -14.5% |
Total Expenses | 1736.00 | 1809.00 | 1744.62 | -4.0% | -0.5% |
Profit Before Tax | -564.00 | -495.00 | -377.40 | 13.9% | 49.4% |
Tax | 0.00 | 0.00 | 0.00 | - | - |
Profit After Tax | -564.00 | -495.00 | -377.40 | 13.9% | 49.4% |
Earnings Per Share | -1.30 | -1.20 | 0.00 | 8.3% | - |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Ola Electric Mobility Ltd is an Indian electric vehicle manufacturer that primarily focuses on producing electric scooters. As a subsidiary of ANI Technologies, the company leverages the brand recognition of Ola, a leading ride-hailing service in India. Ola Electric has positioned itself in the burgeoning electric vehicle (EV) industry, which is considered pivotal for sustainable transportation solutions. While specific recent developments about Ola Electric Mobility Ltd are not provided, the EV sector is generally characterized by rapid technological advancements and increasing regulatory support for green energy solutions.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Ola Electric Mobility Ltd reported a total income of ₹1172.00 crores. This represents a decline of 10.8% from the previous quarter (Q2FY25), where the total income was ₹1314.00 crores. Additionally, there is a year-over-year decrease of 14.5% compared to the third quarter of the fiscal year 2024 (Q3FY24), which recorded a total income of ₹1371.27 crores. These figures highlight fluctuations in the company's revenue over both the quarterly and annual periods.
Profitability
Ola Electric Mobility Ltd reported a loss in the third quarter of the fiscal year 2025, with a Profit Before Tax (PBT) of -₹564.00 crores. This loss widened by 13.9% from the previous quarter's loss of -₹495.00 crores. The year-over-year comparison shows a significant increase in losses, as the PBT in Q3FY24 was -₹377.40 crores, marking a 49.4% increase in losses. Given that the company did not incur any tax liabilities, the Profit After Tax (PAT) figures mirror the PBT results, maintaining the same percentage changes. Earnings Per Share (EPS) for Q3FY25 stood at -₹1.30, up from -₹1.20 in Q2FY25, suggesting a decline in profitability per share from the previous quarter.
Operating Metrics
The total expenses for Ola Electric in Q3FY25 amounted to ₹1736.00 crores, which is a 4.0% decrease from the previous quarter's expenses of ₹1809.00 crores. When compared to the same quarter in the previous fiscal year (Q3FY24), where expenses were ₹1744.62 crores, there is a slight decrease of 0.5%. These figures reflect the company's operational cost management over the quarters. However, the persistent mismatch between income and expenses has affected the overall financial health, as indicated by the company's profitability metrics.
