Conference Call with Ola Electric Mobility Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
2/3 Wheelers company Ola Electric Mobility announced Q2FY25 results Company registered quarterly Revenue of Rs 1,240 crore in Q2FY25, up by 38.5% from Rs 896 crore during the Q2FY24. Company posted Gross Margin of 20.3% in Q2FY25, incroreeasing by 12.0 pp YoY. Company delivered 98,619 units during the quarter, up 73.6% YoY. Operating expenses are marginally lower by 1% QoQ thereby continuing the focus on keeping operating expenses at an almost constant level. The Gen 3 platform announced in August is ahead of schedule and the S1 Gen 3 products would be delivered in January 2025 thereby enabling a 20 pp improvement in margins over next 12 months. Result PDF