🛵 Ola Electric FY25 Results: From ‘HyperDelivery’ to HyperDelusion? Still Burning Cash While Riding Hype
📌 At a Glance
Revenue fell 9% YoY to ₹4,645 Cr despite record deliveries.
But hey — Gross Margins improved from 14.8% to 20.5%. Yay.
Still no profit, no EBITDA break-even — just big dreams for FY26.
They’re now banking on 25,000 monthly unit sales to maybe break even.
And launched a Roadster X… because scooters weren’t enough losses.
Welcome to India’s most hyped EV unicorn — where every press release is a TED Talk, and actual profits are “coming next year, we swear”.
📉 Financials FY25 (vs FY24)
Metric
FY25
FY24
Change
Revenue
₹4,645 Cr
₹5,126 Cr
-9.4%
Deliveries
3.59 lakh
3.29 lakh
+9%
Gross Margin %
20.5%
14.8%
+570 bps
EBITDA Breakeven?
❌
❌
Still far
Net Profit
🤐
🤐
(Not disclosed = not pretty)
Oh, and FY26 Q1 margins supposedly improved by 10 percentage points — without showing us numbers. That’s like saying, “I look thinner,” but refusing to step on a scale.
🛵 Product Highlights: So Many Scooters, So Few Profits
S1 X scooters delivered: 1.96 lakh units in FY25 ↳ That’s 3.5x growth YoY — but they’re cheaper, so revenues fell.
