Ola Electric Schedules Board Meeting on May 29 to Approve FY25 Audited Results
By Ankur Chandra | Updated at: May 31, 2025 10:46 PM IST
Bengaluru, May 27 – Ola Electric Mobility Limited (NSE: OLAELEC, ISIN: INE0LXG01040) has announced that its Board of Directors will meet on May 29, 2025, to approve its financial results for the year ended March 31, 2025.
Key Meeting Details
| Particulars | Details |
|---|---|
| Type of Meeting | Board Meeting |
| Agenda | Approval of FY25 Financial Results |
| Nature of Results | Audited |
| Reporting Basis | Standalone and Consolidated |
| Reporting Period | Yearly |
| Period Ended | March 31, 2025 |
Trading Window Status
The company confirmed that it has closed the trading window on April 1, 2025. It will reopen after June 1, 2025.
Financial Performance Snapshot
| Fiscal Year | Total Income (₹ Cr) | Net Profit/Loss (₹ Cr) | EBITDA Margin (%) | Status |
|---|---|---|---|---|
| FY24 | 2,631.08 | -1,472.08 | -33.9% | Audited |
| FY23 | 456.24 | -784.15 | -42.4% | Audited |
Ola Electric has shown good financial growth as its total income increased from ₹456 crore in FY23 to over ₹2,600 crore in FY24. However, the company is still in loss as it invests heavily in R&D, marketing, infrastructure, etc.
Market Outlook
With Ola Electric set to announce its FY25 results soon, all eyes are on whether the company can show progress in cutting losses, improving margins, and offering clearer strategic direction ahead of its much-awaited IPO. Key updates are expected to come out of the board meeting scheduled for May 29.
REF: https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_56279_1452206_27052025091221_WEB.xml
