Ola Electric shares plunged 9.7% to INR 48.07 post Q4 FY25 results, reporting a net loss of INR 870 Cr and a 62% YoY revenue drop.
Kotak Institutional Equities foresee a 43% downside risk to Ola Electric's share price and downgraded it to 'Sell' due to continual EBITDA losses.
By 11:35 AM, the stock recovered slightly to trade 5.65% lower at INR 50.23 with a market capitalization of INR 22,168.83 Cr.
Amid operational challenges and regulatory issues, Ola Electric aims to achieve auto segment EBITDA profitability in FY26 and enhance its EV cell manufacturing capabilities by early FY27.