Ola Electric Q3 Results: Date, Earnings Call Details, Share Price History And More

Electric two-wheeler maker Ola Electric Mobility Ltd. is scheduled to announce its financial statements for the December 2024 quarter this week.

Ola Electric Mobility is the largest EV two-wheeler manufacturer in India, with its flagship vehicle Ola S1. The company makes three variants of the scooter — Ola S1 Air, Ola S1X and S1 Pro. The company, which went public with its initial public offering last year, has a market cap of over Rs 32,000 crore.

Here is everything you need to know about Ola Electric Q3 results.

Ola Electric in a stock exchange filing on Feb. 4 informed the bourses that it will declare its Q3 results on Friday, Feb. 7.

“We wish to inform you that the meeting of the Board of Directors of Ola Electric Mobility Limited (“the Company”) is scheduled to be held on Friday, February 07, 2025, inter alia, to consider and approve the unaudited standalone and consolidated financial results of the Company for the quarter and nine months ended December 31, 2024, along with the Limited Review Report of the Auditors thereon,” it said.

Ola Electric has said that its senior management will address a conference call to discuss the Q3 results on Friday, Feb. 7 at 5:30 pm.

“We wish to inform you a conference call for analyst/ institutional investors to discuss the financial results of the Company for the third quarter and nine months of the financial year 2024-25, ended December 31, 2024, is scheduled to be held on Friday, February 07, 2025, at 17:30 (IST),” the company said.

Ola Electric Founder, Chairman and Managing Director Bhavish Aggarwal and  Chief Financial Officer Harish Abichandani will address the call. One can dial the universal access numbers +912262801335/ 71158121 to join the call.

Shares of Ola Electric Mobility Ltd. have seen an uptick of around 6% in the last five NSE trading sessions while falling more than 7% over the past month. The shares have been down over 20% since the last six months. Ola Electric stocks have fallen more than 50% from their highest level of Rs 157.4 on the NSE, recorded on Aug. 20, 2024.

Ola Electric Mobility Ltd. reported a 39% year-on-year increase in revenue, reaching Rs 1,214 crore for Q2 FY25. The company narrowed its Ebitda loss to Rs 379 crore, compared to Rs 435 crore in the year-ago period. The EV maker’s net loss also improved to Rs 495 crore from Rs 524 crore in the same period last year.