Revenue increased 10.3% YoY to Rs 25,368 crore. Sequentially, the bottomline rose nearly 3% and the topline grew 2.5%. Total expenses for the December quarter increased to Rs 18,518 crore from Rs 16,839 crore a year ago, and 18,063 crore a quarter ago. Network operating expenses rose to Rs 7,706 crore from Rs 7,227 crore a year ago and Rs 7,607 crore a quarter ago.
There are no problems with demand for NIO’s electric cars, but keeping up supply and maintaining profitability are becoming bigger problems. We explain what to expect and consider how NIO shares could react.