Ola Electric share price falls nearly 10% as net loss widens to ₹870 crore, revenue dips 62%

The stock fell as much as 9.72% to ₹48.06 apiece on the National Stock Exchange (NSE). At 11:02 am, it was down 5.4% to ₹50.35 per unit.

Ola Electric posted a consolidated net loss of ₹870 crore in Q4 FY25, compared to a net loss of ₹416 crore in the year-ago quarter. The company said it is targeting profitability in the current fiscal.

Revenue from operations dipped 61.76% to ₹611 crore in the latest March quarter as against ₹1,598 crore in the same period of the previous fiscal year, the company said in a regulatory filing.

For FY25, the net loss widened to ₹2,276 crore from ₹1,584 crore in the previous fiscal. Revenue slipped to ₹4,514 crore compared to ₹5,010 crore in FY24.

Ola Electric targets profitability in FY26

The Bhavish Aggarwal-led firm said that it is looking to turn profitable in FY26. "FY26 will be focused on scaling revenue and operating leverage as the company marches towards sustainable profitability," Ola Electric said, adding that its gross margins rose 38% YoY in FY25 while FY26's first quarter witnessed an improvement of 10 percentage points in gross margins over Q4 FY25.

The company delivered 3,59,221 units in the 2024-25 fiscal year, as against 3,29,549 units in FY24, capturing a 30% market share (as per VAHAN data).

Through Project Vistaar (for network transformation) and Project Lakshya (for cost reduction and profitability), the automobile company said it has been able to structurally reduce its auto segment EBITDA break-even point to under 25,000 units per month.

"The lower break-even threshold, alongside increasing revenue through industry growth, increasing S1 market share, and introduction of motorcycles enables the company to target auto segment EBITDA profitability through FY26," it said.

"April and May 2025 have shown early indicators of structural improvements translating into business momentum. These include higher gross margins excluding PLI and reduced operating expenses, higher monetisation through add-ons, with Gen 3 sales now being over 2X that of Gen 2, and strong demand for our Roadster Motorcycles. The company expects to continue this strong performance through the rest of the year and achieve auto segment EBITDA profitability in FY26," it added.