Mumbai: Ola Electric Mobility share price is expected to be in focus on August 16, 2024, i.e. on Friday, after the electric two-wheeler manufacturing company registered a higher consolidated loss of Rs 347 crore for the first quarter of 2024-25, compared to Rs 267 crore in the same period last year.
Ola Electric Mobility stock has been making news after making a muted debut on exchanges on August 9, 2024 and rising 20 per cent on the same day. Notably, the shares of Ola Electric extended its gains on August 12 to rise another 20 per cent for the session. The stock has gained around 45 per cent since its debut.
The Ola Electric Mobility IPO opened for bidding between August 2 and August 6 with the price band fixed in the range of Rs 72-76 per share with a lot size of 195 shares. The company raised a total of Rs 6,145.56 crore from its IPO. The public offer was subscribed 4.27 times.
The Ola shares closed higher by 2.38 per cent at Rs 110.64 on BSE on August 14.
Ola Electric Mobility Q1 2024-25 Results
Ola Electric Mobility’s revenue from operations stood at Rs 1,644 crore against Rs 1,243 crore in the same quarter in 2023-24. The company mentioned that its premium portfolio witnessed growth, and the launch of the mass segment resulted in further 77 per cent YoY growth in deliveries.
Particulars (in ₹Cr)
Q1 FY24
Q1 FY25
Total Income
1279
1718
Adj Gross margin
169
377
Adj. Gross margin (%)
13.20%
21.90%
Operating Expenses
351
508
EBITDA
-182
-132
EBITDA margin (%)
-14.20%
-7.60%
PAT
-267
-347
In its regulatory filing, the two-wheeler electric vehicle maker said its total expenses during the first quarter of 2024-25 increased to Rs 1,849, compared with Rs 1,461 crore.
Automotive segment: EBITDA margin for the first quarter of 2024-25 quarter reported at a negative 1.97 per cent from a negative 8.29 per cent in the same quarter of FY.
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Ola Electric Mobility share price has gained around 45 per cent since its debut on August 9, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
