Bengaluru, May 29, 2025 — Ola Electric Mobility Limited announced its consolidated financial results for the fourth quarter and full year ended March 31, 2025. The EV startup reported a significant year-on-year widening of losses for Q4 FY25, primarily due to a sharp drop in revenue and continued high expenses.
In the fourth quarter of FY25, Ola Electric posted a net loss of ₹870 crore, compared to a loss of ₹416 crore in the same quarter of the previous year, marking a sharp deterioration in its bottom line performance.
Q4 FY25 Performance (January–March 2025)
For the quarter ended March 31, 2025, Ola Electric reported a total income of ₹728 crore, a significant decline of 56.5 percent from ₹1,671 crore in Q4 FY24. Revenue from operations dropped by 61.8 percent year-on-year to ₹611 crore from ₹1,598 crore, while other income rose to ₹117 crore from ₹73 crore.
Total expenses for the quarter stood at ₹1,306 crore, down from ₹1,910 crore in the corresponding quarter last year, reflecting a 31.6 percent decline. This was primarily due to a steep fall in the cost of materials consumed, which came down to ₹350 crore from ₹1,326 crore year-on-year. Purchases of stock-in-trade were ₹16 crore, compared to ₹40 crore a year ago. However, employee benefit expenses increased to ₹90 crore from ₹72 crore, and other expenses rose to ₹680 crore from ₹453 crore, suggesting a rise in operating overheads.
The company’s EBITDA loss widened to ₹695 crore in Q4 FY25, up from ₹312 crore in Q4 FY24, impacted by the sharp fall in revenue and continued high fixed costs. Loss before tax stood at ₹870 crore for the quarter, compared to ₹416 crore in the same period last year. There was no tax expense reported for the quarter. The total comprehensive loss for the period was ₹862 crore, as against ₹418 crore in Q4 FY24.
Full-Year FY25 Financials
For the full year ended March 31, 2025, Ola Electric posted total income of ₹4,932 crore, down 8.4 percent from ₹5,383 crore in FY24. Revenue from operations declined 10 percent to ₹4,514 crore from ₹5,010 crore, while other income increased to ₹418 crore from ₹373 crore.
Despite the revenue dip, total expenses remained high at ₹6,253 crore, only slightly lower than ₹6,277 crore reported in the previous financial year. Employee benefit expenses increased to ₹463 crore from ₹432 crore, and other expenses surged to ₹2,362 crore from ₹1,459 crore, indicating a 61.9 percent jump.
Loss before exceptional items and tax widened to ₹1,321 crore from ₹1,034 crore in FY24. After accounting for exceptional items worth ₹954 crore, the company reported a pre-tax loss of ₹2,276 crore for FY25, compared to ₹1,584 crore a year ago.
Net loss attributable to the owners of the company stood at ₹2,259 crore for FY25, compared to ₹1,587 crore in FY24, reflecting a 42.3 percent increase in yearly losses. Total comprehensive loss for the year also expanded to ₹2,259 crore from ₹1,597 crore.
EPS and Capital
Basic earnings per share for FY25 stood at ₹(4.88), compared to ₹(3.45) in FY24. The paid-up equity share capital of the company was ₹4,411 crore as of March 31, 2025.
Share Performance and Market Position
Today, as of Thursday’s market close, Ola Electric shares ended flat at ₹53.20 apiece. The stock continues to trade more than 60 percent below its all-time high, reflecting sustained investor concerns around profitability and business execution. Furthermore, Ola Electric is also witnessing pressure on its market share in the electric motorcycle segment, as competition intensifies and newer players enter the market.
Ola Electric's Q4 and FY25 performance highlights the financial strain it continues to face amid a slowdown in revenue growth and sustained high operating expenses. With widening losses and increasing overheads, the company will need to focus on cost efficiency and revenue recovery to achieve better financial stability in the upcoming fiscal year.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult with a certified financial advisor before making any investment decisions.
