Mumbai, May 30 (IANS). Ola Electric’s stock has seen a major decline on Friday. The reason for this is that the company’s loss is doubled in the fourth quarter of FY 25.
In the trading session, Ola Electric shares began 9.73 percent to Rs 48.06. This was the lowest level of the stock since 9 May. After this, the stock saw a mild recovery and a decline of 5.07 percent in the afternoon was at Rs 50.54.
Ola Electric’s shares continue to deteriorate. It has fallen by 41.5 percent since the beginning of this year. At the same time, it has dropped about 70 percent from its all-time high.
Ola Electric on Thursday presented the results of the fourth quarter of FY 25. The company’s deficit has increased by 109 percent to Rs 870 crore in the January-March period, which was Rs 416 crore in the same period of the previous financial year.
In the March quarter of FY 25, the income from the company’s operations has come down by 61.8 percent to Rs 611 crore on an annual basis, which was Rs 1,598 crore in the same period a year ago.
This is the company’s worst quarterly performance since starting commercial delivery of its electric two -wheelers in late 2021.
The income of Ola Electric for the entire financial year 2025 has also come down to Rs 4,645 crore, which was Rs 5,126 crore in FY 2024.
However, the company said that it is working towards cost efficiency and profit through its internal cost deduction initiative ‘Project Target’.
The company said that the operating cost structure of the auto segment has already been brought up to Rs 121 crore in April 2025, aiming at Rs 110 crore by June 2025.
Ola Electric said that through project targets and project expansion, it has been successful in reducing EBITDA brake-building point for its auto segment by 25,000 units per month.
-IANS
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