Ola Electric Mobility Ltd.'s share price declined nearly 10% at open in Friday's session as its fourth-quarter net loss widened. Its consolidated net loss increased 109% on the year to Rs 870.00 crore versus Rs 416.00 crore.
Ola Electric net loss increased during January–March as it announced a one-off warranty cost of Rs 250 crore. The company does not expect to turn Ebitda positive from first quarter of financial year 2026.
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Goldman Sachs cut revenue estimates for Ola Electric Mobility by 19%, 12%, and 11% for financial years 2026, 2027, and 2028. The brokerage also cut target price to Rs 70 from Rs 75. The current target price implied 31.5% upside from Thursday's close price. Goldman Sachs maintained a stock rating of 'buy'.
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Ola Electric Q4 FY25 Results Highlights (Consolidated, YoY)
Revenue down 61.8% to Rs 611.00 crore versus Rs 1,598.00 crore.
Ebitda loss widens by 123% to Rs 695.00 crore versus Rs 312.00 crore.
Net loss widens by 109% to Rs 870.00 crore versus Rs 416.00 crore.
Ola Electric Share Price Today
Ola Electric Mobility share price fell 9.73% to Rs 48.06 apiece, the lowest level since May 9. The stock price pared losses to trade 5.50% down at Rs 50.31 apiece as of 9:48 a.m., as compared to 0.15% decline in the NSE Nifty 50.
The stock declined 33.97% in 12 months, and 41.5% on year to date basis. Total traded volume so far in the day stood at 4.8 times its 30-day average. The relative strength index was at 44.46.
Out of eight analysts tracking the company, four maintain a 'buy' rating, two recommend a 'hold' and two suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 23.9%.
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