Ola Electric Stock Performance
Ola Electric Mobility Ltd. witnessed a steep decline in Thursday’s trade, with shares falling 6.5%, making it one of the top losers on the Nifty Midcap 150 index.
As of 10:30 am, other notable midcap losers included Emami (-1.4%), Tube Investment (-1.28%), 360 ONE WAM (-1.21%), and J.K. Cement (-1.21%).
Ola Electric Financials – Quarterly Trends
The company’s consolidated quarterly performance highlights persistent losses:
| Quarter | Revenue (₹ Cr) | Net Profit (₹ Cr) | EPS (₹) |
|---|---|---|---|
| Jun 2024 | 1,644 | -347 | -0.95 |
| Sep 2024 | 1,214 | -495 | -1.20 |
| Dec 2024 | 1,045 | -564 | -1.28 |
| Mar 2025 | 611 | -870 | -1.97 |
| Jun 2025 | 828 | -428 | -0.97 |
- Revenue peaked at ₹1,644 crore in June 2024, but dropped to ₹611 crore in March 2025.
- Net profit has been consistently negative, with the sharpest loss of ₹870 crore in March 2025.
- EPS remained negative throughout the five quarters.
Ola Electric Annual Financials
| Year | Revenue (₹ Cr) | Net Profit (₹ Cr) | EPS (₹) | BVPS (₹) | ROE (%) | Debt to Equity |
|---|---|---|---|---|---|---|
| 2022 | 373 | -784 | -2.23 | 9.50 | -42.21 | 0.40 |
| 2023 | 2,630 | -1,472 | -3.91 | 2.80 | -269.24 | 3.01 |
| 2024 | 5,009 | -1,584 | -4.35 | -4.88 | 0.00 | -2.50 |
| 2025 | 4,514 | -2,276 | -5.48 | 11.66 | -44.25 | 0.59 |
Key Highlights:
- Revenue grew sharply from ₹373 crore in 2022 to ₹5,009 crore in 2024, but fell to ₹4,514 crore in 2025.
- Net losses widened to ₹2,276 crore in FY25.
- EPS worsened from -2.23 in 2022 to -5.48 in 2025.
- Debt-to-equity ratio fluctuated, suggesting reliance on external funding.
Ola Electric Income Statement (Annual)
| Year End | Sales (₹ Cr) | Total Income (₹ Cr) | Total Expenditure (₹ Cr) | EBIT (₹ Cr) | Net Profit (₹ Cr) |
|---|---|---|---|---|---|
| Mar 2022 | 373 | 456 | 1,222 | -766 | -784 |
| Mar 2023 | 2,630 | 2,782 | 4,146 | -1,364 | -1,472 |
| Mar 2024 | 5,009 | 5,243 | 6,641 | -1,397 | -1,584 |
| Mar 2025 | 4,514 | 4,932 | 6,842 | -1,910 | -2,276 |
- Sales fell from ₹5,009 crore in FY24 to ₹4,514 crore in FY25.
- EBIT remained negative across all years.
- Expenditure consistently outpaced income.
Ola Electric Cash Flow
| Year End | Operating (₹ Cr) | Investing (₹ Cr) | Financing (₹ Cr) | Net Cash Flow (₹ Cr) |
|---|---|---|---|---|
| Mar 2022 | -884 | -1,321 | 3,084 | 878 |
| Mar 2023 | -1,507 | -318 | 658 | -1,167 |
| Mar 2024 | -633 | -1,136 | 1,589 | -179 |
| Mar 2025 | -2,391 | -2,864 | 5,429 | 174 |
- Operating cash flow remains deeply negative, reflecting challenges in generating core business cash.
- Financing activities have been the primary source of liquidity.
Ola Electric Balance Sheet (FY25 Snapshot)
- Share Capital: ₹4,411 crore (vs ₹1,955 crore in FY23)
- Reserves & Surplus: ₹732 crore (improved from -₹2,909 crore in FY24)
- Total Liabilities: ₹11,075 crore
- Fixed Assets: ₹3,847 crore
- Current Assets: ₹6,661 crore
- Contingent Liabilities: ₹2,984 crore
Outlook
Despite strong topline growth over the past three years, Ola Electric continues to struggle with mounting losses, negative cash flows, and high expenses. The heavy dependence on financing highlights the company’s ongoing capital requirements.
The latest 6.5% fall in share price underscores investor concerns over its path to profitability.
Disclaimer: This article is for informational purposes only and should not be considered investment advice.
