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Ola Electric posts ₹870 cr loss in Q4, targets FY26 profitability
short by / on Thursday, 29 May, 2025
Ola Electric reported a Q4FY25 net loss of ₹870 crore, with revenue plunging 62% to ₹611 crore. Aggressive discounts and falling sales led to over 1,000 job cuts. Despite setbacks, Ola aims for FY26 profitability, backed by improved margins and a ₹1,700 crore fundraising plan to offset rising competition and debt pressure.
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