Ola Electric Schedules Board Meeting on May 29 to Approve FY25 Audited Results

Authored By Ankur Chandra | Last Modified: May 31, 2025 10:46 PM IST

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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

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