Ola Electric Q4 FY25: Revenue ₹649 Cr, Loss ₹870 Cr

Key numbers at a glance

Ola Electric’s March-quarter (Q4 FY25) results showed a sharp year-on-year decline in revenue and a wider net loss. The company reported revenue from operations of ₹649 crore in Q4 FY25 in one summary, while another disclosure in the same set of inputs cited revenue from operations of ₹611 crore. Net loss for the quarter was reported at ₹870 crore, compared with about ₹416-₹417 crore a year earlier. The figures point to a quarter where margins remained under pressure and operating costs weighed on profitability.

The company also reported that seasonality and competitive pressure were factors behind the revenue decline, with constrained margins due to scale and fixed costs. Market reaction was negative after the results, with the stock falling sharply during the session.

What the Q4 FY25 results showed

Based on the quarterly table provided, revenue from operations fell to ₹649 crore in Q4 FY25 from ₹1,598 crore in Q4 FY24, a year-on-year decline of 59.4%. Other income rose to ₹117 crore from ₹73 crore, taking total income to ₹728 crore versus ₹1,671 crore. Total expenses were ₹1,306 crore compared with ₹1,910 crore a year earlier. EBITDA stood at -₹658 crore versus -₹269 crore in Q4 FY24, and net loss widened to -₹870 crore from -₹417 crore.

Separately, another excerpt in the provided text said revenue from operations declined 59.48% year-on-year to ₹611 crore in Q4 FY25 from ₹1,508 crore in the year-ago period, while net loss widened to ₹870 crore from ₹416 crore. The same inputs also described the revenue fall as being linked to decreased vehicle deliveries and market share pressures.

Quarterly financial table (as provided)

Full-year FY25 performance: revenue and losses

On the full-year picture, the provided material included multiple FY25 revenue figures across different summaries and disclosures. One line stated FY25 revenue reached ₹4,932 crore, while net loss for the year was ₹2,276 crore. Another excerpt said FY25 revenue stood at ₹4,645 crore versus ₹5,126 crore in FY24. Separately, FY25 “adjusted revenue” was cited at ₹4,665 crore, with a consolidated EBITDA margin of -34.6%.

While these numbers are not presented as a single reconciled statement in the inputs, they all point to a challenging year with losses remaining high. They also underline the need for investors to track how the company defines revenue metrics such as “adjusted revenue” versus “revenue,” and how those disclosures align with quarterly revenue from operations.

Deliveries and volume signals

Ola Electric reported FY25 total deliveries of 3.59 lakh units, up from 3.29 lakh units in FY24. Despite the higher full-year delivery count, near-term volume trends cited in the inputs were weaker in certain quarters.

In another quarterly update included in the text, Ola Electric’s electric scooter sales fell 44% year-on-year to 55,000 units, and the same figure was described as a 19% sequential decline. This context is consistent with the statement that revenue weakness reflected seasonality and competitive pressure.

Guidance cuts and competition: what changed during FY25

One portion of the provided content referenced a period where Ola Electric narrowed Q2 losses but saw revenue drop 43.2% to ₹690 crore from ₹1,214 crore. That number was said to be close to a projection of ₹685 crore. In that same section, the company adjusted its full-year revenue forecast to ₹3,000-₹3,200 crore, down from prior guidance of ₹4,200-₹4,700 crore.

The guidance cut was explicitly linked to increasing competition in the electric two-wheeler market, along with a significant drop in sales volumes. Taken together with Q4 numbers, the narrative in the inputs suggests that the market environment remained difficult through the end of the year.

Stock market reaction to Q4 results

After the March-quarter results, Ola Electric Mobility shares fell 9.7% to an intraday low of ₹48.07 on the BSE in Friday’s trade, according to the provided text. The move was attributed to the sharp rise in losses and the decline in revenue.

For investors, the price reaction highlights the sensitivity of EV two-wheeler stocks to quarterly delivery trends, margin movement, and evidence of operating leverage. In this case, the reported margin compression and rising operating costs were central to the quarter’s outcome.

How earlier quarters set the stage

The inputs also included Q3 FY25 figures, which showed continued pressure. Ola Electric’s Q3 FY25 net loss was ₹564 crore, a 13.94% increase from ₹495 crore in Q2 FY25. On a year-on-year basis, Q3 FY25 loss was up from ₹376 crore in Q3 FY24.

Revenue from operations in Q3 FY25 declined 19.36% year-on-year to ₹1,045 crore from ₹1,296 crore. Ola Electric attributed the increasing losses in that period to high competition and service challenges, as per the text. This backdrop matters because it indicates Q4 was not an isolated quarter, but part of a broader run of weak profitability.

Group context: Ola Consumer’s FY24 revenue decline

The broader Ola group context in the provided material focused on Ola Consumer, which is preparing for an IPO. Ola Consumer’s consolidated revenue from operations and other income for FY24 was ₹2,368 crore, down from ₹3,000 crore in FY23. Its parent company ANI Technologies’ standalone revenue was ₹1,906 crore in FY24, down from ₹2,135 crore in FY23.

The same set of inputs also noted that full-year EBITDA (excluding discontinued operations) for Ola Consumer rose to ₹271 crore from ₹87 crore last year. While Ola Consumer and Ola Electric are distinct businesses, the disclosures in the text show investors are tracking financial performance across both entities.

Summary table: key facts mentioned in the inputs

Why the Q4 print matters

The Q4 FY25 numbers reinforce a few clear points from the provided information: revenue fell sharply year-on-year, losses widened, and margins were constrained by scale and fixed costs. The data also shows that even with reduced expenses year-on-year in Q4, the operating structure still produced a large EBITDA loss, which flowed through to net loss.

Competitive pressure and service challenges were explicitly cited elsewhere in the inputs, and volume declines in certain quarters were also documented. The FY25 delivery increase versus FY24 sits alongside weaker quarter-level trends and a negative market reaction to Q4 results.

Conclusion

Ola Electric closed Q4 FY25 with revenue from operations reported at ₹649 crore in one summary (and ₹611 crore in another disclosure), while net loss widened to ₹870 crore amid margin compression and higher operating costs. Investors will likely track upcoming disclosures for consistency across revenue metrics, delivery momentum, and any updates following earlier guidance revisions.