Ola Electric Q4 net loss doubles to Rs 870 crore as revenue slumps 62%

Ola Electric’s financial performance worsened in the fourth quarter of FY25, with the company reporting a sharp decline in revenue and a two-fold increase in net losses.

The Bhavish Aggarwal-led electric vehicle (EV) firm reported operating revenue of Rs 611 crore for the January–March quarter, down 61.8% year-on-year from Rs 1,598 crore in the same period last year.

Net loss for the quarter widened to Rs 870 crore, compared to Rs 416 crore in Q4FY24.

This marks one of the steepest quarterly revenue declines for the company since it started commercial two-wheeler deliveries in late 2021. It comes amid heightened competition in the electric two-wheeler space, regulatory uncertainty over subsidies, and inventory correction across dealerships.