Introduction:
Leading EV company reported a net loss surge of 50% YoY and 13.9% QoQ in Q3 FY25. Revenue declined 19.4% YoY amid rising competition, while total income dropped 14.5% YoY. The company remains focused on R&D and market expansion.
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Share price movement of Ola Electric Mobility:
On February 7, 2025, Ola Electric Mobility Ltd opened at ₹72.14, up 0.39% from its previous close of ₹71.86. The stock hit a high of ₹72.14 and a low of ₹68.35. By 2:55 PM, it traded at ₹69.39, down 3.44%, with a market cap of ₹30,606.75 crore.
Ola Electric Reports Wider Q3 Losses:
Ola Electric Mobility Limited reported a net loss of ₹564 crore for Q3 FY25, marking a 50% year-on-year (YoY) increase from ₹376 crore in Q3 FY24 and a 13.9% quarter-on-quarter (QoQ) rise from ₹495 crore in Q2 FY25.
Revenue from operations declined to ₹1,045 crore, registering a 19.4% YoY drop from ₹1,296 crore and a 13.9% QoQ fall from ₹1,214 crore. The decline in revenue reflects slowing sales performance amid increasing competition in the electric vehicle market.
Total income stood at ₹1,172 crore, falling 14.5% YoY from ₹1,371 crore and 10.8% QoQ from ₹1,314 crore. Despite challenges, Ola Electric continues to invest in R&D and expand its market reach to improve future financial performance.
Recent news on Ola Electric Mobility:
As of January 08, 2025, SEBI issued an administrative warning to Ola Electric Mobility Ltd for violating disclosure regulations. The warning stemmed from the premature announcement of its store expansion plan on “X” before informing stock exchanges, urging stricter compliance.
Stock performance of Ola Electric Mobility for Period of 1 week, 1 minth and 6 months:
Ola Electric Mobility Ltd witnessed a 3.96% decline over the past week, with a 9.65% drop in one month. The stock has fallen 21.2% in six months, reflecting ongoing market challenges and competitive pressures in the EV sector.
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Shareholding pattern of Ola Electric Mobility:
| All values in % | Dec 2024 | Sep 2024 | Aug 2024 |
| Promoter | 36.80% | 36.80% | 36.80% |
| FII | 2.10% | 4.20% | 7.60% |
| DII | 4.60% | 5.20% | 6.90% |
| Public | 51.30% | 48.40% | 42.30% |
| Others | 5.30% | 5.50% | 6.40% |
About Ola Electric Mobility:
Ola Electric Mobility Ltd (NSE: OLAELEC) is a leading EV manufacturer in India, focusing on integrated technology and production. With its Futurefactory and expanding EV hub, the company pioneers innovation in battery technology and direct-to-customer distribution nationwide.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
