Ola Electric
Ola Electric shares crash 5% as EV giant reports ₹500 crore Q4 loss
Mumbai/IBNS: The share prices of Ola Electric Mobility Ltd. on Thursday declined after it reported a consolidated loss of Rs. 500 crore in the March quarter of FY 2025-26, media reports said.
The share prices crashed 5% in early trading following the fourth quarter result.
Ola Electric reported narrowed 42.5% year-on-year from ₹870 crore in the same period last year.
However, the EV maker’s revenue from operations plunged nearly 57% to ₹265 crore, compared to ₹611 crore a year ago, reflecting weak demand and lower vehicle deliveries.
Key Highlights
- Net loss: ₹500 crore vs ₹870 crore YoY
- Revenue: ₹265 crore, down 57% YoY
- Q4 deliveries: 20,256 electric scooters
- Gross margin: 38.5% in Q4 FY26
- Stock reaction: Shares fell up to 6% after results
Why Losses Narrowed
The company said aggressive cost-cutting measures, lower operating expenses, and improved operational efficiency helped reduce losses despite falling sales.
Ola Electric also reported its first operating cash flow-positive quarter, signalling some improvement in cash management.
What Hurt Revenue?
Revenue declined sharply due to:
- Weak electric scooter demand
- Rising competition from rivals like Bajaj Auto, TVS Motor, and Ather Energy
- Lower vehicle deliveries during the quarter
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