Ola Electric Q4 Performance
Ola Electric's financial results for Q4 FY25 paint a grim picture as the company reported a net loss of ₹870 Crore, more than double the ₹416 Crore loss reported in Q4 FY24. The loss occurs amid declining sales and heightened operational challenges in the electric vehicle (EV) segment.
Main News
The company experienced a sharp 62% year-over-year (YoY) decline in revenue, with total revenue from operations dropping to ₹611 Crore in Q4 FY25, down from ₹1,508 Crore in Q4 FY24.
Ola Electric has been under pressure due to:
- Decreased demand for electric two-wheelers
- Intensifying market competition
- Regulatory challenges since its IPO in August 2024
The company has yet to report a profit since its initial public offering.
Financial Breakdown of Ola Electric
Revenue
- ₹611 Crore in Q4 FY25
- Down 62% from ₹1,508 Crore in Q4 FY24
EBITDA
- Loss of ₹658 crore in Q4 FY25
- Compared to ₹269 crore loss in Q4 FY24
EBITDA Margins
- Fell by 101.4%, indicating a more profound operational impact
Net Profit (Loss)
- Net loss surged to ₹870 Crore
- More than 2X the ₹416 Crore loss in the same quarter last year
Ola Electric Company Details
Despite quarterly setbacks, Ola Electric reported a full-year delivery of 3,59,221 units in FY25, a rise from 3,29,549 units in FY24, as per VAHAN data. The company claims a 30% market share, driven by its Gen 3 S1 scooter lineup.
However, Q4 FY25 saw a 55% drop in vehicle deliveries, with only 51,375 units sold, compared to 1,15,386 units in Q4 FY24.
Summary
The Ola Electric Q4 Results reflect ongoing struggles for the EV maker, with substantial losses and a sharp decline in revenue. The significant drop in deliveries and rising operational costs underscore the company's current challenges in the highly competitive electric vehicle (EV) space.
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