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

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%,…