Latest news with #OlaElectricMobility
Business Standard
2 days ago
- Automotive
- Business Standard
Ola Electric drops after Q4 net loss widens to Rs 870 cr
Ola Electric Mobility declined 5.69% to Rs 50.21 after the company's consolidated net loss widened to Rs 870 crore in Q4 FY25, compared with net loss of Rs 416 crore in Q4 FY24. Revenue from operations tumbled 61.8% YoY to Rs 611 crore in Q4 FY25. The company reported pre-tax loss of Rs 870 crore in Q4 FY25 as compared with a pre-tax loss of Rs 416 crore in Q4 FY24. The company reported a negative EBITDA of Rs 658 crore in Q4 FY25, compared to a negative EBITDA of Rs 269 crore in Q4 FY24. The EBITDA margin stood at negative 101.4% in Q4 FY25, against negative 16.4% in the same quarter last year. Deliveries dropped 55.48% to 51,375 units in Q4 FY25 compared with 115,386 units in Q4 FY24. With a sharp focus on cost reduction and profitability through Project Lakshya, the company had earlier set a target operating cost structure of Rs 110 crore for the auto segment. As of April 2025, the cost stands at Rs 121 crore and is on track to reach the target of Rs 110 crore by June 2025. In April and May 2025, the company has shown early indicators of structural improvements translating into business momentum. These include higher gross margins (excluding PLI) and reduced operating expenses, higher monetization through add-ons, Gen 3 sales exceeding Gen 2 by over 2x, and strong demand for Roadster Motorcycles. The company expects to continue this strong performance through the rest of the year and achieve auto segment EBITDA profitability in FY26. The rollout of Gen 3 in Q4 FY25 was a key driver of the companys gross margin improvement. Q1 FY26 gross margins showed an improvement of 10 pp over Q4 FY25, which will further be helped by the scale-up of the Gen 3 platform. Notably, this performance does not include PLI on Gen3, which is expected to accrue in Q2FY26 vs 100% of the product portfolio accruing PLI in Q3FY25. The company expects its gross margins to improve to approximately 35% in Q2 FY26 with PLI. Ola Electric is also ramping up production at its Ola Gigafactory with improving yields of its Bharat Cell, which is undergoing extensive testing across performance, lifecycle, and safety parameters, with phased commercialization in a couple of months. This phased rollout will help optimize supply chain dynamics, maintain quality consistency across early production batches, and gather real-world performance feedback ahead of mass commercialization. The company expects adjusted revenue between Rs 800 crore and Rs 850 crore, deliveries of 65,000 units, and an auto EBITDA margin of negative 10% in Q1 FY26. On a full-year basis, the companys consolidated net loss widened to Rs 2,276 crore in FY25 compared with Rs 1,584 crore in FY24. Revenue from operations fell 9.9% to Rs 4,514 crore in FY25, compared with Rs 5,010 crore in FY24. Through Project Vistaar and Project Lakshya, Ola has reduced its auto segment EBITDA break-even point to under 25,000 units per month. With increasing S1 market share, new motorcycle launches, and improving cost metrics, the company aims to achieve auto segment EBITDA profitability in FY26. Ola Electric Mobility is a leading electric vehicle (EV) manufacturer in India, specializing in the vertical integration of technology and manufacturing for EVs and their components, including battery cells.
India Today
2 days ago
- Automotive
- India Today
Ola Electric shares nosedive 10% after Q4 net loss. Should you buy, hold or sell?
Shares of Ola Electric Mobility nosedived as much as 10% in early trade on Friday, hitting a low of Rs 48.07 on the Bombay Stock Exchange (BSE), as the company's March quarter earnings triggered a wave of stock was trading around Rs 50.35, down 5.4% around 10:25 am, after the electric two-wheeler maker reported that its Q4 net loss more than doubled year-on-year to Rs 870 crore, from Rs 416 crore in the same period last market's reaction was in line with expectations, with investors spooked by a 62% drop in revenue, which fell to Rs 611 crore for Q4 FY25. Deliveries during the quarter also slumped to 51,375 units, compared to 1.15 lakh units a year earlier, highlighting weakening demand and execution issues flagged by the company itself. Operational metrics painted a grim picture. The company's auto EBITDA margin plunged to -78.6%, from -9.3% in Q4 FY24. On a consolidated basis, the EBITDA margin was -101.4%, impacted by high provisioning costs and low operating leverage. EBITDA losses widened to Rs 695 crore, more than double the Rs 312 crore loss in the same quarter last Ola Electric pointed to green shoots, including a slight uptick in gross margins to 19.2%, driven by better monetisation and the growing share of its newer Gen-3 platform vehicles. These scooters offer 20% more power and range while reducing costs by 11% compared to the older Gen-2 company also continues to place big bets on rural demand and product diversification. Ola recently launched the Roadster X, its first electric motorcycle — a category that is nearly double the size of the scooter market in India. With a range of 501 km and top speed of 125 km/h, the Roadster X is key to Ola's strategy of expanding its reach beyond urban centres. The company now boasts over 4,000 direct-to-customer (D2C) touchpoints, half of which are located in Tier-3 and rural the weak quarter, Ola is optimistic about Q1 FY26, projecting adjusted revenue of Rs 800–850 crore and a sharply reduced auto EBITDA margin of -10%. Management said it expects to break even at under 25,000 monthly unit sales, helped by better cost controls and rising of March-end, the company had a gross cash balance of around Rs 4,000 crore and is exploring non-dilutive debt of Rs 1,700 crore to support its on Ola's outlookThe dismal quarterly performance has triggered a mixed response from Institutional Equities has downgraded the stock to "sell" from "reduce" and slashed its target price to Rs 30, marking a steep 60% cut from the IPO issue price of Rs 76 and 80% below its post-listing high of Rs 157. Kotak cited execution concerns, weakening brand equity, and delayed motorcycle launches as key risks. It also lowered FY26–27 volume estimates by 32% to 34%, reflecting a slower ramp-up in both the broader EV two-wheeler industry and Ola's own product the brokerage did note that cost-cutting, the Gen-3 platform, and a likely reversal in warranty provisions could improve profitability from FY26 the other hand, Goldman Sachs remains bullish with a "buy" rating and a price target of Rs 70, though that too is below the IPO price. The firm is watching closely for progress on battery cell manufacturing, where current yield is at 63%. Ola plans to start using its own cells in its vehicles once the yield surpasses 80%.Meanwhile, market consensus remains cautious. According to Trendlyne, the average target price is Rs 67, indicating an upside of roughly 25% from current levels. Among the eight analysts tracking the stock, four have a 'buy' rating, two say 'hold,' and two recommend 'sell.'Buy, hold, or sell?Ola Electric's Q4 numbers have laid bare the challenges facing India's EV poster child, from falling volumes and margin pressures to delays in execution. While the company's aggressive bets on electric motorcycles and rural expansion could pay off, the near-term outlook is long-term investors willing to stomach the volatility, Ola's deep cash reserves, Gen-3 upgrades, and focus on cost efficiencies offer some hope. But for now, the Street remains divided, and the stock may continue to be a bumpy ride.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Time of India
2 days ago
- Automotive
- Time of India
Ola Electric shares plummet 10% after Q4 losses double to Rs 870 crore; revenue slips 62%
Ola Electric Mobility shares plummeted 9.7% to their intraday low of Rs 48.07 on the BSE in Friday's trade after the electric two-wheeler maker reported a sharp rise in losses for the March quarter, with net loss widening to Rs 870 crore from Rs 416 crore in the same period last year. Revenue from operations declined 62% year-on-year to Rs 611 crore. Vehicle deliveries dropped to 51,375 units in Q4 FY25 from 1.15 lakh units in Q4 FY24. Auto EBITDA margin plunged to -78.6% from -9.3% a year ago, while consolidated EBITDA margin stood at -101.4%, impacted by high provisioning costs and reduced operating leverage. Ola's gross margin improved marginally to 19.2% on the back of better monetisation and the growing share of Gen-3 platform vehicles, which offer 20% more power and range with 11% lower costs than Gen-2 scooters. Ola said there have been market share pressures in recent quarters due to execution challenges and slower-than-expected industry growth. For FY25, Ola Electric recorded total deliveries of 3.59 lakh units, up from 3.29 lakh in FY24. Full-year adjusted revenue came in at Rs 4,665 crore, with a consolidated EBITDA margin of -34.6%. To broaden adoption beyond urban areas, Ola launched the Roadster X -- the first EV motorcycle from a major OEM in India -- with a 501 km range and 125 km/h top speed. With motorcycles accounting for twice the scooter market, the company is betting big on rural demand, aided by a strong direct-to-customer (D2C) network spanning over 4,000 touchpoints, half of which are in Tier-3 or rural India. The company remains optimistic about its path to profitability, backed by operational upgrades, a shift to its Gen-3 platform, and entry into electric motorcycles. Despite the Q4 hit, Ola forecasts improved numbers in Q1 FY26, targeting Rs 800–850 crore in adjusted revenue and a reduced auto EBITDA margin of -10%. The company expects to break even at less than 25,000 unit sales per month, thanks to cost efficiencies and increased scale. The company's total gross cash stood at around Rs 4,000 crore at the end of Q4, and it is exploring non-dilutive debt of Rs 1,700 crore to meet obligations. Ola Electric share price target According to Trendlyne, the average target price for Ola Electric is Rs 67, suggesting an upside of nearly 25% from current levels. Of the seven analysts tracking the stock, the consensus rating is 'Hold'. While shares have declined 6% in the past three months, they are down 39% over the past six months. Ola Electric's current market capitalisation stands at Rs 23,483 crore.
Business Standard
2 days ago
- Business
- Business Standard
Ola Electric Mobility reports consolidated net loss of Rs 870.00 crore in the March 2025 quarter
Sales decline 61.76% to Rs 611.00 crore Net Loss of Ola Electric Mobility reported to Rs 870.00 crore in the quarter ended March 2025 as against net loss of Rs 416.00 crore during the previous quarter ended March 2024. Sales declined 61.76% to Rs 611.00 crore in the quarter ended March 2025 as against Rs 1598.00 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 2276.00 crore in the year ended March 2025 as against net loss of Rs 1584.00 crore during the previous year ended March 2024. Sales declined 9.90% to Rs 4514.00 crore in the year ended March 2025 as against Rs 5010.00 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 611.001598.00 -62 4514.005010.00 -10 OPM % -113.75-19.52 - -38.52-25.29 - PBDT -700.00-300.00 -133 -1687.00-1220.00 -38 PBT -870.00-416.00 -109 -2253.00-1578.00 -43 NP -870.00-416.00 -109 -2276.00-1584.00 -44
Time of India
2 days ago
- Automotive
- Time of India
Ola Electric shares plummet 10% after Q4 losses double to Rs 870 crore; revenue slips 62%
Ola Electric Mobility shares plummeted 9.7% to their intraday low of Rs 48.07 on the BSE in Friday's trade after the electric two-wheeler maker reported a sharp rise in losses for the March quarter, with net loss widening to Rs 870 crore from Rs 416 crore in the same period last year. Revenue from operations declined 62% year-on-year to Rs 611 crore. Vehicle deliveries dropped to 51,375 units in Q4 FY25 from 1.15 lakh units in Q4 FY24. Auto EBITDA margin plunged to -78.6% from -9.3% a year ago, while consolidated EBITDA margin stood at -101.4%, impacted by high provisioning costs and reduced operating leverage. Ola's gross margin improved marginally to 19.2% on the back of better monetisation and the growing share of Gen-3 platform vehicles, which offer 20% more power and range with 11% lower costs than Gen-2 scooters. Ola said there have been market share pressures in recent quarters due to execution challenges and slower-than-expected industry growth. Live Events For FY25, Ola Electric recorded total deliveries of 3.59 lakh units, up from 3.29 lakh in FY24. Full-year adjusted revenue came in at Rs 4,665 crore, with a consolidated EBITDA margin of -34.6%. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories To broaden adoption beyond urban areas, Ola launched the Roadster X -- the first EV motorcycle from a major OEM in India -- with a 501 km range and 125 km/h top speed. With motorcycles accounting for twice the scooter market, the company is betting big on rural demand, aided by a strong direct-to-customer (D2C) network spanning over 4,000 touchpoints, half of which are in Tier-3 or rural India. The company remains optimistic about its path to profitability, backed by operational upgrades, a shift to its Gen-3 platform, and entry into electric motorcycles. Despite the Q4 hit, Ola forecasts improved numbers in Q1 FY26, targeting Rs 800–850 crore in adjusted revenue and a reduced auto EBITDA margin of -10%. The company expects to break even at less than 25,000 unit sales per month, thanks to cost efficiencies and increased scale. The company's total gross cash stood at around Rs 4,000 crore at the end of Q4, and it is exploring non-dilutive debt of Rs 1,700 crore to meet obligations. Also Read: These 10 Nifty microcap stocks can rally 70-200% in the next 12 months Ola Electric share price target According to Trendlyne, the average target price for Ola Electric is Rs 67, suggesting an upside of nearly 25% from current levels. Of the seven analysts tracking the stock, the consensus rating is 'Hold'. While shares have declined 6% in the past three months, they are down 39% over the past six months. Ola Electric's current market capitalisation stands at Rs 23,483 crore.
