Ola Electric disclosed its Q3 FY25 financial results, reporting a net loss of ₹564 crore, which widened from a ₹376 crore loss YoY, reflecting a 50% increase. The company’s revenue also saw notable changes, showcasing the effects of ongoing competitive pressures in the EV sector.
Key Highlights with YoY Changes:
- Total income: ₹1,172 crore, down 14.5% YoY from ₹1,371 crore.
- Revenue from operations: ₹1,045 crore, marking an 19.4% decline YoY from ₹1,296 crore.
- Total expenses: ₹1,505 crore, showing a 5.8% decrease YoY compared to ₹1,597 crore, indicating marginal control in expenditure.
- Loss before tax: ₹564 crore, increasing by 49.4% YoY compared to ₹376 crore.
Nine-month financials (YoY):
- Total income: ₹4,204 crore, reflecting a 17.7% increase YoY from ₹3,572 crore.
- Net loss: ₹1,406 crore, up 20.3% YoY from ₹1,168 crore.
Analysis:
Despite some cost control, the decline in operational revenue is largely due to ongoing pricing pressures in the EV market and competitive expansion. The company’s ability to efficiently scale production and manage operating expenses will determine its future trajectory.
TOPICS:
OLA electric