OLA Electric Mobility Share Price sell side can give money, decline is going to be till Rs 103
Ola Electric Mobility Ltd (NSE: OLAELEC), a leading player in the Indian electric vehicle market, has seen its share price surge by 5% today following the release of its impressive Q1 FY25 results. The company reported its highest ever quarterly revenue of Rs 1,718 Cr, with a market share of 48.63%, inching closer to breakeven with an EBITDA margin of (1.97)%.
Main Points
The stock opened at Rs 111.41 and touched an intraday high of Rs 122.95, up 5% from its previous close of Rs 111.60. The company’s market capitalization currently stands at Rs 49,683.59 Cr. Over the past month, Ola Electric Mobility’s share price has increased by 3.73%, while the 52-week range is between Rs 76.00 and Rs 157.40. The stock has a P/E ratio of -48.16 and a PB ratio of 24.59.
Key Highlights from Q1 FY25 Results
- Ola Electric’s Automotive Segment inches closer to breakeven with an EBITDA margin of (1.97)% for the quarter
- Registers its highest ever quarterly Revenue of Rs 1,718 Cr in Q1 FY25 with 48.63% market share
- Company announced the integration of its cells in its own vehicles Q1 FY26
- Company to launch its electric motorcycle portfolio across mass and premium segments during its annual flagship event on August 15, 2024
- Company posted Adjusted Gross Margin of Rs 377 Cr for the quarter ended 30th June 2024. The Adjusted Gross Margin stood at 21.94% of Revenue, up 873 bps YoY from 13.21% for the same quarter last year.
Analysts are bullish on Ola Electric Mobility’s future prospects, citing the company’s strong market position, innovative products, and focus on vertical integration. The recent launch of its electric motorcycle portfolio is expected to further strengthen its market share in the two-wheeler segment.”Ola Electric Mobility has consistently delivered strong results, demonstrating its ability to capture a significant market share in the rapidly growing Indian EV market,” said Amit Jain, Senior Analyst at Ashika Global. “With its upcoming product launches and focus on vertical integration, we believe the company is well-positioned to maintain its growth momentum and deliver long-term value to its shareholders.”
The Indian electric vehicle market has been witnessing exponential growth, driven by favorable government policies, increasing consumer awareness, and rising fuel prices. According to industry estimates, the market is expected to grow at a CAGR of 25-30% over the next five years, reaching a size of Rs 50,000 Cr by 2025.
Ola Electric Mobility faces competition from established players like Bajaj Auto, TVS Motor Company, and Hero MotoCorp, as well as newer entrants like Wardwizard Innovations & Mobility. However, the company’s strong brand image, innovative products, and focus on customer experience have helped it maintain its leadership position in the market.
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
