Ola Electric Q3 Results, Net Loss 564 Crores
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Ola Electric Q3 Results are out now. The company’s revenue stood at ₹1,069 Cr for the quarter ended 31st December 2024, as against ₹1,336 Cr for the quarter ended 31st December 2023. Ola Electric Reported a Net loss of ₹564 crore, which is higher than the ₹376 crore last year.
Ola Electric Stock Crash almost 4% today after the weak quarter result announcement. Ola Electric Stock is Trading at ₹69, which is below its IPO price of ₹76.
The company expects its path to profitability to be driven by improvements in Gross Margin, Optimization in Operating Costs, and Operating Leverage through product portfolio expansion, category expansion (motorcycles, Gig &Z) and technology leadership.
In continuation of the strategy to invest in engineering and vertical integration, Ola Electric launched the S1 Gen 3 products in January 2025 and the company will begin deliveries of the same during February 2025
Also Read: Tata Motors registered total sales of 80,304 units in January 2025
The company entered the motorcycle market in Feb’25 with the launch of its mass-market EV motorcycle portfolio including Roadster X and Roadster X+. The company launched these motorcycles in ve battery pack configurations with deliveries starting in mid-March 2025.
