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Ola Electric Share Price: Shares of Ola Electric Mobility Ltd. fell nearly 1.8% to Rs 49.16 on Thursday, November 6, following the company’s September-quarter earnings, which showed a narrower loss but a sharp drop in revenue. The stock continues to trade below its IPO price of Rs 76, and nearly 69% below its post-listing high of Rs 157. Ola Electric reported a net loss of Rs 418 crore for Q2FY25, compared with a loss of Rs 495 crore in the same period last year. The figure, however, missed Kotak Institutional Equities’ projection of a narrower Rs 346 crore loss, as revenue fell more than expected. Quarterly revenue declined 43.2% YoY to Rs 690 crore from Rs 1,214 crore, broadly in line with Kotak’s estimate of Rs 685 crore. The fall was primarily attributed to weaker volumes, which dropped 44% year-on-year and 19% sequentially to about 55,000 units. The company also trimmed its full-year guidance, now expecting FY25 revenue of ₹3,000–3,200 crore, down from the earlier Rs 4,200–4,700 crore, while maintaining an auto business margin target of around 5%. On the operational front, Ola Electric’s EBITDA loss narrowed to Rs 203 crore from Rs 379 crore a year ago, supported by a 30.7% gross margin and a 52% reduction in operating expenses. The auto business turned EBITDA positive and cash-generative, delivering ₹15 crore in operating cash flow, according to the company’s shareholder letter. Management noted that the festive season sales were flat YoY, calling it a “healthy transition phase” before the next wave of EV adoption. The company also acknowledged rising competition, with several OEMs offering steep discounts. Ola said it would continue focusing on cost efficiency, product quality, and margin expansion instead of short-term market share gains.
