Stock To Track: Electric vehicle maker's shares may trigger after hefty losses in Q4

Ola Electric Mobility Q4 Results: Investors in Ola Electric Mobility might be in for a jolt when markets open on May 30 as the fourth quarter earnings of the company released after market hours.

Ola Electric Mobility Q4 Results

Bhavish Aggarwal-led firm on Thursday reported a net loss of Rs 870 crore for the fourth quarter of FY24–25.

The electric mobility company’s total net loss for the financial year now stands at Rs 2,276 crore—up from Rs 1,584 crore in the previous year.

While, operational income for Q4 was Rs 611 crore, down from Rs 1,045 crore in the same period last year.

For the entire fiscal year, the company has posted total revenue of Rs 4,932 crore, lower than the previous year’s Rs 5,263 crore.

Here are other highlights of the company:

• Material costs: Rs 1,320 crore
• Other expenses: Rs 439 crore
• Employee-related expenses: Rs 113 crore
• Depreciation and amortization: Rs 170 crore
• Finance costs: Rs 61 crore

Ola Electric Stock Update

On Thursday, shares of Ola Electric closed 0.6 per cent higher at Rs 53.24, according to the BSE.