OLAELEC · Automobile and Auto Components
Ola Electric Mobility Ltd. reported revenue of ₹873 cr for July to September 2023, — on the year and −29.8% on the quarter.
Operating profit (EBITDA) was −₹435 cr, a margin of −49.8%, — on the year and −3,229 bps on the quarter.
The net loss was ₹524 cr, with earnings per share of −₹2.68.
A vehicle maker's revenue is volumes times average price, and its margin moves with steel, aluminium and rubber costs and with the share of exports and premium models. The quarterly statements do not carry volumes, realisation per vehicle and the export share; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Other income carrying profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹873 cr | ₹1,296 cr | ₹1,598 cr | ₹1,644 cr | ₹1,214 cr | ₹1,045 cr | ₹611 cr | ₹828 cr | ₹690 cr | ₹470 cr | ₹265 cr | ₹455 cr |
| YoY | — | — | — | +32% | +39% | −19% | −62% | −50% | −43% | −55% | −57% | −45% |
| EBITDA margin | −49.8% | −23.2% | −19.5% | −12.5% | −31.2% | −44.0% | −113.7% | −28.6% | −29.4% | −57.7% | −106.0% | −36.3% |
| Other income, % of PBT | — | — | — | — | — | — | — | — | — | — | — | — |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | — | — | — | — | — | — | — | — | — | — | — | — |
| Net profit | −₹524 cr | −₹376 cr | −₹416 cr | −₹347 cr | −₹495 cr | −₹564 cr | −₹870 cr | −₹428 cr | −₹418 cr | −₹487 cr | −₹500 cr | −₹336 cr |
| YoY | — | — | — | — | — | — | — | — | — | — | — | — |
| Core profit YoY | — | — | — | — | — | — | — | — | — | — | — | — |
| EPS | −₹2.68 | −₹1.92 | −₹2.13 | −₹1.45 | −₹1.12 | −₹1.28 | −₹1.97 | −₹0.97 | −₹0.95 | −₹1.10 | −₹1.13 | −₹0.73 |
| Flags | · | · | · | ✓ | ✓ | 1 | 1 | 1 | ✓ | 1 | ✓ | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Ola Electric Mobility Ltd. reported revenue of ₹873 cr (— on the year) and net profit of −₹524 cr (— on the year) for July to September 2023.
None of the 1 checks that could run raised a question.
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