Ola Electric shares drop 8%, halve from December peak of ₹100
ADVERTISEMENT
Ola Electric shares fell by 8.03% on Tuesday, closing at ₹49.33, as investors reacted to the company’s disappointing fourth quarter FY25 results and concerns over profitability. The stock has now halved from its all-time high of ₹100, hit in December 2024, just four months after listing, marking a steep erosion in investor wealth. From its issue price of ₹76, the stock is now down 35%.
The decline comes amid a surge in trading volumes with 24.85 crore shares changing hands—nearly six times the average weekly volume of 4.31 crore. The company’s market capitalisation now stands at ₹22,037 crore, sharply down from ₹40,218 crore on the listing day in August 2024. While there is market buzz about a 3.2%-equity stake worth ₹731 crore being offloaded via a block deal, no such transaction has been confirmed by exchanges.
The stock had closed at ₹53.69 on Monday, buoyed by government announcements of a new electric vehicle (EV) manufacturing incentive scheme to promote domestic production. But those gains quickly reversed as the market digested weak earnings data.
For the January-March quarter, Ola Electric reported a net loss of ₹870 crore, more than double the ₹417 crore loss in the same quarter last year. Full-year losses widened to ₹2,276 crore in FY25, up from ₹1,586 crore in FY24.
January 2026
Netflix, which has been in India for a decade, has successfully struck a balance between high-class premium content and pricing that attracts a range of customers. Find out how the U.S. streaming giant evolved in India, plus an exclusive interview with CEO Ted Sarandos. Also read about the Best Investments for 2026, and how rising growth and easing inflation will come in handy for finance minister Nirmala Sitharaman as she prepares Budget 2026.
Revenue dropped sharply as well—it plunged 62% year-on-year to ₹611 crore in the fourth quarter, while it declined 9.38% to ₹4,645 crore in the whole financial year. The company’s EBITDA loss widened to ₹512 crore in Q4, compared to ₹154 crore a year earlier.
Ola Electric also saw its market position weaken. In May 2025, the company reported a 51% year-on-year decline in sales, slipping to third place in the electric two-wheeler segment.
Despite the steep fall, analysts have a ‘Hold’ rating, with a revised target price of ₹59, implying a potential upside of nearly 20% from current levels. Still, they caution that profitability pressures, sliding market share, and intensifying competition will remain key headwinds in the near term.