Ola Electric shares plummet 10% after Q4 losses double to Rs 870 crore; revenue slips 62%

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rel=”dofollow” href=”https://economictimes.indiatimes.com/ola-electric-mobility-ltd/stocks/companyid-2206544.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Ola Electric Mobility shares plummeted 9.7% to their intraday low of Rs 48.07 on the BSE in Friday’s trade after the electric two-wheeler maker reported a sharp rise in losses for the March quarter, with net loss widening to Rs 870 crore from Rs 416 crore in the same period last year.

Revenue from operations declined 62% year-on-year to Rs 611 crore. Vehicle deliveries dropped to 51,375 units in Q4 FY25 from 1.15 lakh units in Q4 FY24.

Auto EBITDA margin plunged to -78.6% from -9.3% a year ago, while consolidated EBITDA margin stood at -101.4%,…



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Ola Electric shares plummet 10% after Q4 losses double to Rs 870 crore; revenue slips 62%


rel=”dofollow” href=”https://economictimes.indiatimes.com/ola-electric-mobility-ltd/stocks/companyid-2206544.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Ola Electric Mobility shares plummeted 9.7% to their intraday low of Rs 48.07 on the BSE in Friday’s trade after the electric two-wheeler maker reported a sharp rise in losses for the March quarter, with net loss widening to Rs 870 crore from Rs 416 crore in the same period last year.

Revenue from operations declined 62% year-on-year to Rs 611 crore. Vehicle deliveries dropped to 51,375 units in Q4 FY25 from 1.15 lakh units in Q4 FY24.

Auto EBITDA margin plunged to -78.6% from -9.3% a year ago, while consolidated EBITDA margin stood at -101.4%,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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