Q1FY25 Quarterly Result Announced for Ola Electric Mobility Ltd.
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. Result PDF14-08-2024