| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 1.0K | 13.9% |
| Total Income | 1.2K | 10.8% |
| Expenditure | 1.7K | 4.0% |
| PBT | -564.00 | 13.9% |
| Net Profit | -564.00 | 13.9% |
| OPM | -88.23% | 21.43pp |
| NPM | -48.12% | 10.45pp |
| EPS | -1.28 | 6.7% |
Ola Electric Maintains Leadership Position in Q3 FY25 with 25.5% Market Share and Launches Gen 3 S1 Scooter Range
07 Feb 2025 · 7 Feb 2025, 07:30 pm
Summary
Ola Electric Mobility Limited, a leading electric vehicle manufacturer in India, announced its quarterly results for the quarter ended 31st December 2024. The company registered consolidated quarterly revenue of 1,069 Cr and maintained a 25.5% market share in the electric two-wheeler market in Q3 FY25. Ola Electric launched its Gen 3 S1 scooter range and entered the motorcycle market with the Roadster X & Roadster X+ series. The company delivered 84,029 units during the quarter and expanded its distribution network to over 4,000 touchpoints.
Key Highlights
- 1
Ola Electric maintained a 25.5% market share in Q3 FY25
- 2
Company registered consolidated quarterly revenue of 1,069 Cr
- 3
Launched Gen 3 S1 scooter range with MoveOS 5; deliveries to commence from mid-Feb’25
- 4
Entered the motorcycle market in Feb’25 with the launch of Roadster X & Roadster X+ series
- 5
Delivered 84,029 units during the quarter ended 31st December 2024
- 6
Expanded to 4,000+ touchpoints and emerged as one of the largest global EV distribution network
Management Comments
Bhavish Aggarwal
The company maintained leadership position through Q3 FY25 with a 25.5% market share driven by the company’s singular EV focus, strong product portfolio and technology leadership. Further to this, the company retained market share leadership in Jan’25 with an uptick in Gross Margin of approx 26% up from 20.4% in Q3 FY25.
Informational and educational content only. Not investment advice.