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Ola Electric shares dip over 4% after Q4 loss widens and revenue fall
Shares of Ola Electric on Friday ended over 4 per cent lower after the firm reported a consolidated net loss of Rs 870 crore in the fourth quarter ended March 31, 2025.
The stock dropped 4.26 per cent to settle at Rs 50.97 on the BSE. During the day, it tanked 9.71 per cent to Rs 48.07.
At the NSE, shares of the firm ended at Rs 50.85, down 4.48 per cent. During the day, it tumbled 9.72 per cent to Rs 48.06.
Ola Electric on Thursday reported a consolidated net loss of Rs 870 crore in the fourth quarter ended March 2025, while noting that it is targeting profitability in the current fiscal.
The company had reported a net loss of Rs 416 crore in the January-March quarter of 2023-24.
The revenue from operations declined to Rs 611 crore compared to Rs 1,598 crore in the year-ago period, Ola Electric said in a regulatory filing.
For FY25, the company reported a net loss of Rs 2,276 crore against Rs 1,584 crore in 2023-24. Its revenue from operations declined to Rs 4,514 crore against Rs 5,010 crore in FY24.
Ola Electric said it is targeting profitability in FY26.
"FY26 will be focused on scaling revenue and operating leverage as the company marches towards sustainable profitability," the company said.
Ola Electric said that its gross margins improved by 38 per cent in FY25 while the first quarter of FY26 saw an improvement of 10 percentage points in gross margins over Q4 FY25.
Scoda Tubes IPO booked 54x on last day
Scoda Tubes' initial public offering (IPO), which concluded on Friday, garnered 54 times more demand than shares on offer. The qualified institutional buyers portion saw 70x subscription, high net worth individual portion 113 x and retail portion 19x. The ₹220 crore offering generated bids of over ₹8,800 crore. Scoda Tubes, a manufacturer of stainless-steel tubes and pipes, raised ₹220 crore in fresh capital through the IPO.
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