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- OLA Electric Mobility Q1 Results 2024 Update; Net Profit, Earning And Share Price
Mumbai1 minute ago
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Electric scooter maker Ola Electric Mobility has suffered a net loss (consolidated net loss) of Rs 347 crore in the first quarter of FY 2024-25. The company had suffered a loss of Rs 267 crore in the same quarter a year ago. The company’s loss has increased by 30% on an annual basis.
Talking about the consolidated revenue from the company’s operations, it was Rs 1644 crore in the April-June quarter. It has increased by 32.26% on an annual basis. In the same quarter a year ago, the company had generated a revenue of Rs 1243 crore. The amount received from selling goods and services is called revenue.
Ola Electric’s total income increased by 34%
In the April-June quarter, the total income of Ola Electric Limited increased by 34.32% year-on-year to Rs 1718 crore. In the first quarter of the financial year 2023-24, the company’s income was Rs 1279 crore. At the same time, the total expense of the company during this period was Rs 1849 crore. The company has released the results of the first quarter today (Wednesday, 14 August).
Ola Electric’s loss widens 30% in Q1 FY25
on an annual basis
| Ola Electric | FY25 (April-June) | FY24 (April-June) | Change (%) |
| Operational Revenue | ₹1644 | ₹1243 | 32.26% |
| other income | ₹74 | ₹36 | 105.56% |
| Total Income | ₹1718 | ₹1279 | 34.32% |
| Total Expense | ₹1849 | ₹1461 | 26.56% |
| Net Loss | ₹347 | ₹267 | 29.96% |
on a quarterly basis
| Ola Electric | FY25 (April-June) | FY24 (January-March) | Change (%) |
| Operational Revenue | ₹1644 | ₹1598 | 2.88% |
| other income | ₹74 | ₹73 | 1.37% |
| Total Income | ₹1718 | ₹1671 | 2.81% |
| Total Expense | ₹1849 | ₹1910 | -3.19% |
| Net Loss | ₹347 | ₹416 | -16.59% |
Note – Figures are in crores of rupees…
