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.