Ola Electric Mobility Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	45,140	50,098	26,309	3,734	8.64
Revenue Growth (YoY)	-9.90%	90.42%	604.54%	43120.25%	-
Cost of Revenue	37,080	44,282	26,657	5,328	2.75
Gross Profit	8,060	5,816	-347.86	-1,594	5.89
Selling, General & Admin	4,630	5,769	5,248	3,606	1,989
Other Operating Expenses	20,820	12,565	6,929	2,485	788.43
Operating Expenses	31,110	21,910	13,847	6,580	2,974
Operating Income	-23,050	-16,094	-14,195	-8,174	-2,968
Interest Expense	-3,660	-1,712	-897.51	-107.72	-5.4
Interest & Investment Income	-	978.29	995.06	579.02	975.87
Currency Exchange Gain (Loss)	-	-46.8	28.68	-20.4	-0.55
Other Non Operating Income (Expenses)	4,180	997.27	96.78	-55.5	-1.71
EBT Excluding Unusual Items	-22,530	-15,877	-13,972	-7,779	-2,000
Impairment of Goodwill	-	-	-	-78.85	-
Gain (Loss) on Sale of Investments	-	104.89	214.77	232.71	76.19
Gain (Loss) on Sale of Assets	-	-17.54	-1.57	-2.1	-68.84
Asset Writedown	-	6.46	-	-219.55	-
Other Unusual Items	-230	-60.5	-964.2	-	-
Pretax Income	-22,760	-15,844	-14,723	-7,846	-1,992
Income Tax Expense	-	-	-2.41	-4.98	-
Net Income	-22,760	-15,844	-14,721	-7,842	-1,992
Net Income to Common	-22,760	-15,844	-14,721	-7,842	-1,992
Shares Outstanding (Basic)	4,153	3,645	3,765	3,511	3,379
Shares Outstanding (Diluted)	4,153	3,645	3,765	3,511	3,379
Shares Change (YoY)	13.93%	-3.17%	7.23%	3.91%	-
EPS (Basic)	-5.48	-4.35	-3.91	-2.23	-0.59
EPS (Diluted)	-5.48	-4.35	-3.91	-2.23	-0.59
Free Cash Flow	-30,530	-15,584	-19,409	-16,485	-3,606
Free Cash Flow Per Share	-7.35	-4.28	-5.16	-4.70	-1.07
Gross Margin	17.86%	11.61%	-1.32%	-42.68%	68.17%
Operating Margin	-51.06%	-32.12%	-53.95%	-218.90%	-34350.46%
Profit Margin	-50.42%	-31.63%	-55.95%	-209.99%	-23059.26%
Free Cash Flow Margin	-67.63%	-31.11%	-73.77%	-441.46%	-41730.90%
EBITDA	-17,390	-14,156	-12,976	-7,896	-2,892
EBITDA Margin	-38.52%	-28.26%	-49.32%	-211.44%	-
D&A For EBITDA	5,660	1,937	1,219	278.5	76.3
EBIT	-23,050	-16,094	-14,195	-8,174	-2,968
EBIT Margin	-51.06%	-32.12%	-53.95%	-218.90%	-
Revenue as Reported	49,320	52,433	27,827	4,563	1,061
Advertising Expenses	-	-	-	-	15.95

Updated Feb 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.