Ola Electric Mobility’s shares dropped 3% after the company reported its Q3 FY25 financial results, revealing a wider net loss of ₹564 crore, up 50% year-over-year from ₹376 crore. The EV maker’s revenue also took a hit, reflecting intense competition in the sector.
The company’s total income for the quarter stood at ₹1,172 crore, marking a 14.5% decline from ₹1,371 crore in the same period last year. Revenue from operations fell 19.4% year-over-year to ₹1,045 crore, highlighting demand challenges. However, total expenses declined 5.8% to ₹1,505 crore, showing some cost-control measures. Despite this, losses widened, with a pre-tax loss of ₹564 crore compared to ₹376 crore a year ago.
For the nine-month period, Ola Electric saw total income rise 17.7% to ₹4,204 crore, but net losses also surged 20.3% to ₹1,406 crore. The results reflect the company’s ongoing struggles to balance growth and profitability amid pricing pressures and slowing demand in the Indian EV market.
Ola Electric’s stock opened at ₹72.11, reaching a high of ₹72.30 and a low of ₹69.20. The company’s 52-week range stands between ₹64.60 and ₹157.40.
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