Automobile company Ola Electric Mobility announced Q1FY25 results:
- Ola Electric’s Automotive Segment inches closer to breakeven with an EBITDA margin of (1.97)% for the quarter
- Registers its highest ever quarterly Revenue of Rs 1,718 Cr in Q1 FY25 with 48.63% market share
- Company announced the integration of its cells in its own vehicles Q1 FY26
- Company to launch its electric motorcycle portfolio across mass and premium segments during its annual flagship event on August 15, 2024
- Company posted Adjusted Gross Margin of Rs 377 Cr for the quarter ended 30th June 2024. The Adjusted Gross Margin stood at 21.94% of Revenue, up 873 bps YoY from 13.21% for the same quarter last year.