OLAELEC Ola Electric Mobility Q2 FY25 results (Jul–Sep 2024) and concall
Ola Electric reported a quarter of strong top-line growth and significant YoY margin expansion, despite aggressive competitive dynamics. The company is pivoting toward massive distribution expansion and vertical integration, notably pulling forward its Gen 3 platform launch to early 2025. While one-off warranty and IPO-related costs weighed on the current quarter's EBITDA, management signaled a clear path to 30% gross margins through BOM savings and in-house cell manufacturing.
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What they filed
| Line item | Q2 FY25 |
|---|---|
| Revenue | 1,214 |
| EBITDA | -379 |
| Net profit | -495 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
