Integrated Filing — IndAS



General information about company
Scrip Code 544225
NSE Symbol OLAELEC
MSEI Symbol NOTLISTED
ISIN INE0LXG01040
Name of company OLA ELECTRIC MOBILITY LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 26-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 29-May-2025   15:05:00
End date and time of board meeting 29-May-2025   15:43:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 6110000000 45140000000
Other income 1170000000 4180000000
Total income 7280000000 49320000000
2 Expenses
(a) Cost of materials consumed 3500000000 36000000000
(b) Purchases of stock-in-trade 160000000 990000000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 1610000000 90000000
(d) Employee benefit expense 990000000 4630000000
(e) Finance costs 1220000000 3660000000
(f) Depreciation, depletion and amortisation expense 1700000000 5660000000
(f) Other Expenses
1 Others 6800000000 20820000000
Total other expenses 6800000000 20820000000
Total expenses 15980000000 71850000000
3 Total profit before exceptional items and tax -8700000000 -22530000000
4 Exceptional items 0 -230000000
5 Total profit before tax -8700000000 -22760000000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 0 0
9 Total tax expenses 0 0
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations -8700000000 -22760000000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period -8700000000 -22760000000
17 Other comprehensive income net of taxes 80000000 170000000
18 Total Comprehensive Income for the period -8620000000 -22590000000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent -8700000000 -22590000000
Total profit or loss, attributable to non-controlling interests 0 0
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 80000000 170000000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 0
21 Details of equity share capital
Paid-up equity share capital 44110000000 44110000000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 7320000000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -1.97 -5.48
Diluted earnings (loss) per share from continuing operations -1.97 -5.48
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -1.97 -5.48
Diluted earnings (loss) per share from continuing and discontinued operations -1.97 -5.48
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 20500000000
Capital work-in-progress 2540000000
Investment property 0
Goodwill 90000000
Other intangible assets 5140000000
Intangible assets under development 4480000000
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 380000000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 2160000000
Total non-current financial assets 2540000000
Deferred tax assets (net) 0
Other non-current assets 8850000000
Total non-current assets 44140000000
2 Current assets
Inventories 7840000000
Current financial asset
Current investments 20000000
Trade receivables, current 90000000
Cash and cash equivalents 3390000000
Bank balance other than cash and cash equivalents 31770000000
Loans, current 0
Other current financial assets 13630000000
Total current financial assets 48900000000
Current tax assets (net) 0
Other current assets 9870000000
Total current assets 66610000000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 110750000000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 44110000000
Other equity 7320000000
Total equity attributable to owners of parent 51430000000
Non controlling interest 0
Total equity 51430000000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 17240000000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 3130000000
Total non-current financial liabilities 20370000000
Provisions, non-current 1910000000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 1500000000
Total non-current liabilities 23780000000
Current liabilities
Current financial liabilities
Borrowings, current 13190000000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1420000000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 8090000000
Total Trade payable 9510000000
Other current financial liabilities 8440000000
Total current financial liabilities 31140000000
Other current liabilities 2660000000
Provisions, current 1740000000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 35540000000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 59320000000
Total equity and liabilites 110750000000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Automotive 6110000000 45140000000
2 Cell 40000000 120000000
Total Segment Revenue 6150000000 45260000000
Less: Inter segment revenue 40000000 40000000
Revenue from operations 6110000000 45140000000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Automotive -7050000000 -16850000000
2 Cell -530000000 -1910000000
Total Profit before tax -7580000000 -18760000000
i. Finance cost 1220000000 1220000000
ii. Other Unallocable Expenditure net off Unallocable income -100000000 -100000000
Profit before tax -8700000000 -22760000000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Automotive 83780000000 83780000000
2 Cell 29760000000 29760000000
Total Segment Asset 113540000000 113540000000
Un-allocable Assets -2790000000 -2790000000
Net Segment Asset 110750000000 110750000000
4 Segment Liabilities
Segment Liabilities
1 Automotive 50130000000 50130000000
2 Cell 13060000000 13060000000
Total Segment Liabilities 63190000000 63190000000
Un-allocable Liabilities -3870000000 -3870000000
Net Segment Liabilities 59320000000 59320000000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss -50000000 -120000000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss -30000000 -50000000
5 Total Other comprehensive income 80000000 170000000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax -22760000000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 3660000000
Adjustments for decrease (increase) in inventories -900000000
Adjustments for decrease (increase) in trade receivables, current 1490000000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -2170000000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -1090000000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -3990000000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 5660000000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 480000000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current -1890000000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 60000000
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 270000000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 1580000000
Net cash flows from (used in) operations -21180000000
Dividends received 0
Interest paid 0
Interest received -2630000000
Income taxes paid (refund) 100000000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -23910000000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 280000000
Other cash receipts from sales of equity or debt instruments of other entities 260000000
Other cash payments to acquire equity or debt instruments of other entities 20000000
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 10000000
Purchase of property, plant and equipment 6620000000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 20000000
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 3130000000
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 2050000000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -20890000000
Net cash flows from (used in) investing activities -28640000000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 53410000000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments -1980000000
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 5070000000
Repayments of borrowings 1170000000
Payments of lease liabilities 1530000000
Dividends paid 0
Interest paid 3470000000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 54290000000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 1740000000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 1740000000
Cash and cash equivalents cash flow statement at beginning of period -1120000000
Cash and cash equivalents cash flow statement at end of period 620000000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 B S R & Co. LLP Yes 31-Jul-2025