Shares of Ola Electric declined 5.35% in Thursday's trading session, making it one of the top losers on the Nifty Midcap 150. The decline positioned the stock at Rs 65.30.
Among other stocks in the Nifty Midcap 150, One 97 Paytm fell 3.35% to Rs 1,245.20, Solar Ind decreased 3% to Rs 13,864.00, Max Financial dropped 2.81% to Rs 1,572.00, and Jindal Stainles fell 2.18% to Rs 744.05.
Financial Overview of Ola Electric
Here's an overview of Ola Electric's financial performance based on consolidated figures:
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 1,644.00 Crore | Rs 1,214.00 Crore | Rs 1,045.00 Crore | Rs 611.00 Crore | Rs 828.00 Crore |
| Net Profit | -Rs 347.00 Crore | -Rs 495.00 Crore | -Rs 564.00 Crore | -Rs 870.00 Crore | -Rs 428.00 Crore |
| EPS | -0.95 | -1.20 | -1.28 | -1.97 | -0.97 |
The revenue for Ola Electric has fluctuated over the last five quarters, with a high of Rs 1,644.00 Crore in June 2024 and a low of Rs 611.00 Crore in March 2025. The company has consistently reported net losses across these quarters.
Financial Overview (Yearly)
| Heading | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | Rs 373.42 Crore | Rs 2,630.93 Crore | Rs 5,009.83 Crore | Rs 4,514.00 Crore |
| Net Profit | -Rs 784.15 Crore | -Rs 1,472.08 Crore | -Rs 1,584.40 Crore | -Rs 2,276.00 Crore |
| EPS | -2.23 | -3.91 | -4.35 | -5.48 |
| BVPS | 9.50 | 2.80 | -4.88 | 11.66 |
| ROE | -42.21 | -269.24 | 0.00 | -44.25 |
| Debt to Equity | 0.40 | 3.01 | -2.50 | 0.59 |
The yearly revenue for Ola Electric has grown significantly from 2022 to 2024, but experienced a slight decrease in 2025. Net profit has remained negative, with increasing losses year-over-year. Revenue increased from Rs 373.42 Crore in 2022 to Rs 5,009.83 Crore in 2024. However, it decreased to Rs 4,514.00 Crore in 2025. Net Profit has also been on the decline, from a loss of Rs 784.15 Crore in 2022 to a loss of Rs 2,276.00 Crore in 2025.
Cash Flow
| Heading | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|
| Operating Activities | -Rs 2,391 Crore | -Rs 633 Crore | -Rs 1,507 Crore | -Rs 884 Crore |
| Investing Activities | -Rs 2,864 Crore | -Rs 1,136 Crore | -Rs 318 Crore | -Rs 1,321 Crore |
| Financing Activities | Rs 5,429 Crore | Rs 1,589 Crore | Rs 658 Crore | Rs 3,084 Crore |
| Net Cash Flow | Rs 174 Crore | -Rs 179 Crore | -Rs 1,167 Crore | Rs 878 Crore |
Balance Sheet
| Heading | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|
| Share Capital | Rs 4,411 Crore | Rs 1,955 Crore | Rs 1,955 Crore | Rs 1,955 Crore |
| Reserves & Surplus | Rs 732 Crore | -Rs 2,909 Crore | -Rs 1,408 Crore | -Rs 98 Crore |
| Current Liabilities | Rs 3,554 Crore | Rs 4,007 Crore | Rs 2,350 Crore | Rs 1,156 Crore |
| Other Liabilities | Rs 2,378 Crore | Rs 4,681 Crore | Rs 2,675 Crore | Rs 2,382 Crore |
| Total Liabilities | Rs 11,075 Crore | Rs 7,735 Crore | Rs 5,573 Crore | Rs 5,395 Crore |
| Fixed Assets | Rs 3,847 Crore | Rs 3,195 Crore | Rs 1,719 Crore | Rs 1,101 Crore |
| Current Assets | Rs 6,661 Crore | Rs 4,046 Crore | Rs 3,449 Crore | Rs 4,063 Crore |
| Other Assets | Rs 567 Crore | Rs 493 Crore | Rs 403 Crore | Rs 230 Crore |
| Total Assets | Rs 11,075 Crore | Rs 7,735 Crore | Rs 5,573 Crore | Rs 5,395 Crore |
| Contingent Liabilities | Rs 2,984 Crore | Rs 2,455 Crore | Rs 2,001 Crore | Rs 871 Crore |
Key Financial Ratios
| Ratio | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|
| Basic EPS (Rs.) | -5.48 | -4.35 | -3.91 | -2.23 |
| Diluted EPS (Rs.) | -5.48 | -4.35 | -3.91 | -2.23 |
| Book Value / Share (Rs.) | 11.66 | -4.88 | 2.80 | 9.50 |
| Dividend/Share (Rs.) | 0.00 | 0.00 | 0.00 | 0.00 |
| Face Value | 10 | 10 | 10 | 10 |
| Gross Profit Margin (%) | -29.26 | -20.64 | -41.83 | -192.15 |
| Operating Margin (%) | -41.80 | -27.78 | -48.18 | -205.27 |
| Net Profit Margin (%) | -50.42 | -31.62 | -55.95 | -209.98 |
| Return on Equity (%) | -44.25 | 0.00 | -269.24 | -42.21 |
| ROCE (%) | -25.08 | -37.33 | -39.34 | -18.08 |
| Return On Assets (%) | -20.55 | -20.48 | -26.41 | -14.53 |
| Current Ratio (X) | 1.87 | 1.01 | 1.47 | 3.51 |
| Quick Ratio (X) | 1.65 | 0.84 | 1.22 | 3.27 |
| Debt to Equity (x) | 0.59 | -2.50 | 3.01 | 0.40 |
| Interest Coverage Ratios (X) | -3.61 | -5.54 | -10.20 | -40.73 |
| Asset Turnover Ratio (%) | 0.48 | 0.75 | 0.48 | 0.00 |
| Inventory Turnover Ratio (X) | 6.11 | 6.87 | 5.77 | 0.00 |
| 3 Yr CAGR Sales (%) | 247.68 | 6,978.02 | 5,029.26 | 1,832.41 |
| 3 Yr CAGR Net Profit (%) | 70.37 | 3,880.45 | 3,736.77 | 2,700.27 |
| P/E (x) | -9.68 | 0.00 | 0.00 | 0.00 |
| P/B (x) | 4.54 | 0.00 | 0.00 | 0.00 |
| EV/EBITDA (x) | -17.33 | 0.00 | 0.00 | 0.00 |
| P/S (x) | 5.18 | 0.00 | 0.00 | 0.00 |
Corporate Actions
Ola Electric Mobility Limited has been actively involved in investor and analyst meetings, as indicated by announcements made on August 30, 2025. A press release dated August 26, 2025, highlighted that Ola Electric secured PLI certification for its Gen 3 Scooter Portfolio, which is expected to boost profitability from Q2 FY26 onwards.
With the stock's last traded price at Rs 65.30, Ola Electric was among the top losers on the Nifty Midcap 150 index during Thursday's trading session.
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