Ola Electric reported a net loss of Rs 870 crore for Q4 FY25, more than double the previous year's loss, due to weakening demand and inventory issues.
Revenue from operations dropped by 62% year-on-year to Rs 611 crore in Q4 FY25, with vehicle registrations falling by 52%.
The auto segment EBITDA margin for Ola Electric collapsed to -78.6% in Q4 FY25, reflecting challenges in operating leverage and high provisioning costs.
Despite facing challenges, Ola Electric projects improvement in gross margins, aiming for 35% by Q2 FY26 and focusing on scaling revenue to move towards profitability.