Ola Electric Q4 Results: Electric vehicle (EV) manufacturer Ola Electric on Thursday, May 29, informed that its consolidated net loss for the January-March (Q4) quarter of the financial year 2024-25 more than doubled to ₹870 crore amid a sharp decline in topline. The net loss in the corresponding quarter last year stood at ₹416 crore.
The revenue from operations tumbled 62% year-on-year (YoY) to ₹611 crore during the quarter under review. In the January-March 2024 quarter, the company’s revenue stood at ₹1,508 crore.
The consolidated segment EBITDA loss for the March 2025 quarter was at ₹658 crore, a multifold rise over the EBITDA loss of ₹269 crore posted in the year-ago period. Meanwhile, the EBITDA margin was down 101.4%.
In Q4 FY25, Ola delivered 51,375 units, a decline of 55% over 1,15,386 units in Q4 FY24.
Since going public in August 2024, Ola has struggled with slowing sales, regulatory pressure and competition from established two-wheeler makers. The company is yet to report quarterly profits.
