OLAELEC Ola Electric Mobility Q3 FY25 results (Oct–Dec 2024) and concall
Ola Electric is undergoing a structural transformation focused on margin expansion and vertical integration. Despite a dip in Q3 volumes due to intense competition and service challenges, the company reclaimed the #1 market position in January with a 25-26% share. Management is pivoting toward the Gen 3 platform and in-house cell production to drive long-term profitability and achieve EBITDA breakeven.
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What they filed
| Line item | Q2 FY25 | Q3 FY25 |
|---|---|---|
| Revenue | 1,214 | 1,045 |
| EBITDA | -379 | -460 |
| Net profit | -495 | -564 |
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.
