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Economic Times

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Ola Electric shares plummet 10% after Q4 losses double to Rs 870 crore; revenue slips 62%

  • Ola Electric Mobility shares tumbled 9.7% after reporting Q4 losses that doubled to Rs 870 crore and a 62% decline in revenue.
  • The company's Auto EBITDA margin plunged to -78.6% and consolidated EBITDA margin stood at -101.4%, impacted by high provisioning costs and reduced operating leverage.
  • Ola Electric aims to increase profitability through operational upgrades, shift to Gen-3 platform, and entry into electric motorcycles, targeting improved numbers in Q1 FY26.
  • The company's total gross cash at the end of Q4 was around Rs 4,000 crore, with plans to explore non-dilutive debt of Rs 1,700 crore to meet obligations.

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