Mumbai8 hours ago
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India's largest electric two wheeler manufacturer Ola Electric Mobility has suffered a net loss of Rs 564 crore in the third quarter of FY 2024-25. The company suffered a loss of Rs 376 crore in the same quarter of a year ago. The company's loss has increased by 50% on an annual basis.
The company has released the results of the third quarter today (Friday, 7 February). Talking about the company's consolidated revenue from the operation, it has been Rs 1,045 crore in the October-December quarter. It has decreased by 24.01% on an annual basis.
In the same quarter of a year ago, the company generated a revenue of Rs 1,296 crore. The amount received from selling goods and services is called revenue or revenue.
Total income of Ola Electric reduced by 14.51%
Ola Electric Limited's total income increased by 14.51% to Rs 1,172 crore in the October-December quarter. The company's income was Rs 1,371 crore in the third quarter of FY 2023-24. At the same time, in the third quarter, the company's total expense i.e. expenditure was Rs 1,505 crore.
Ola electric loss increased by 50% in third quarter
On an annual basis
| Ola electric | FY25 (October-December) | FY24 (October-December) | Change (%) |
| Operational revenue | ₹1,045 | ₹1,296 |
-19.36% |
| Other income | ₹127 | ₹75 |
69.33% |
| Total income | ₹1,172 | ₹1,371 |
-14.51% |
| Total expenses | ₹1,505 | ₹1,597 |
-5.76% |
| Net loss | ₹564 | ₹376 |
50% |
On a quarterly basis
| Ola electric | FY25 (October-December) | FY25 (July-September) | Change (%) |
| Operational revenue | ₹1,045 | ₹1,214 |
-13.92% |
| Another income | ₹127 | ₹100 |
27% |
| Total income | ₹1,172 | ₹1,314 |
-10.81% |
| Total expenses | ₹1,505 | ₹1,593 |
-5.52% |
| Net loss | ₹564 | ₹495 |
13.94% |
Note: The figures are in crores of rupees.
Ola Electric share today decreased by 2.42%
Ola Electric's stock today closed 2.42% to close at ₹ 70.10. On August 9, the stock was listed on the stock exchange for Rs 76. The company's market cap is 29 thousand crores.
What is standalone and Consoleeded?
Companies' results come in two parts- Standalone and Consolidated. Financial performance of only one unit is shown in standalone. Whereas, the entire company reports are given in the consolidated or consolidated financial report.
Ola electric mobility was established in 2017
Ola Electric Mobility in Bangalore was established in 2017. The company mainly produces electric vehicle, battery packs, motors and vehicle frames at the Ola Future Factory.
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