Ola Electric Q3 results: Net loss widens to Rs 564 crore, revenue down 19% YoY

Ola Electric Mobility reported a consolidated nett nonaccomplishment of Rs 564 crore for Q3FY25, marking a important widening from Rs 376 crore successful the aforesaid play past year. Revenue from operations declined 19.3 per cent year-on-year (YoY) to Rs 1,045 crore from Rs 1,296 crore successful Q3FY24, reflecting aggravated contention and service-related challenges.

Operational show and EBITDA margins

At the operational level, the company’s Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) nonaccomplishment accrued to Rs 460 crore successful Q3FY25, compared to a nonaccomplishment of Rs 301 crore successful the erstwhile year. Ola Electric attributed this diminution to higher selling and income expenses during the festive season, web expansion, and proviso chain-related inefficiencies. Excluding exceptional costs specified arsenic warranty provisions and one-time employee-related expenses, the consolidated EBITDA borderline stood astatine -29.2 per cent successful Q3FY25 versus -19.4 pe rcent successful Q2FY25.

Festive income boost but borderline unit remains

Despite a challenging quarter, Ola Electric highlighted a beardown October show driven by festival sales. However, the institution acknowledged that wide quarterly results were impacted by stiff contention and work issues. "We’ve fixed the work issues, and with our web expansion, turned the tide connected marketplace stock and margins," the institution stated. In January, Ola Electric reclaimed its marketplace enactment position, with an expected gross borderline of astir 26 per cent, up from 20.4 per cent successful Q3FY25.

Stock show nether pressure

Since its listing successful August 2024, Ola Electric’s banal has struggled to support momentum. The banal debuted astatine Rs 76 per stock connected the NSE and Rs 75.99 connected the BSE. It touched a grounds precocious of Rs 157.53 connected August 20, 2024, but has since declined implicit 56 per cent. The banal deed a grounds debased of Rs 64.68 connected January 28, 2025, and was trading 2.5 per cent little astatine Rs 70.06 per stock connected the BSE astatine 1:45 PM connected February 7, 2025. Year-to-date, the banal is down 20 per cent and remains 10 per cent beneath its IPO price.

Looking ahead

Ola Electric is focusing connected operational efficiencies and expanding its organisation web to stabilize margins and regain capitalist confidence. With continued investments successful outgo simplification and work enhancements, the institution expects a stronger fiscal show successful the coming quarters.