Ola Electric Mobility Limited — Important, 07-02-2025: General Updates

**Key Metrics Overview:**

Ola Electric Mobility Limited's performance shows significant growth in deliveries, reaching 125,198 units in Q3 FY25, up from 86,775 in Q3 FY24. The premium segment comprises a noteworthy portion, with 29,283 units delivered in the same quarter.

**Financial Highlights:**

In Q3 FY25, consolidated revenue stood at ₹1,069 Cr, a decrease from ₹1,240 Cr in Q2 FY25. However, gross margin improved slightly to ₹219 Cr, reflecting a consistent margin around 20.4%. Operating expenses decreased to ₹654 Cr from ₹604 Cr, offering potential for better cost management.

**Automotive Segment Performance:**

Revenue in the automotive segment for Q3 FY25 reached ₹1,075 Cr, down from ₹1,246 Cr in Q2 FY25, while gross margin improved to ₹224 Cr. Although EBITDA for this segment remained negative at ₹309 Cr, the margin showed slight improvement.

**Investor Implications:**

There’s a positive outlook due to improved margins, but investors should watch closely for revenue trends in the automotive segment. The reduced operating expenses and increased delivery numbers suggest potential for recovery, making Ola Electric a stock to keep on the radar.