Ola Electric Mobility Ltd on May 29 said its net loss for the March quarter widened to Rs 870 crore from Rs 416 crore in the year-ago period.
The electric scooter maker’s revenue in Q4FY25 fell 62% to Rs 611 crore as compared to Rs 1,598 crore in Q4FY24.
On May 29, shares of Ola Electric on BSE closed 0.6 percent higher at Rs 53.24 apiece.
“FY26 will be focused on scaling revenue and operating leverage as the company marches towards sustainable profitability. With a robust product roadmap, vertical integration and R&D focus, and strong distribution and service infrastructure, Ola Electric is well positioned to drive the next phase of EV adoption in India across both scooters and motorcycles,” said the company in a stock exchange filing.
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Ola’s vehicle registrations fell more than 52% year-on-year to 56,760 units in the quarter. Its entry-level models made up 69.3% of volumes, higher than 43.1% a year before.
