Overview

• Consolidated net loss widened to Rs870 crore in Q4 FY25 from Rs416 crore a year earlier while revenue fell 61.7% to Rs611 crore
• EBITDA loss doubled year-on-year to Rs695 crore as operating expenses outpaced lower sales
• Ola Electric recorded a negative operating cash flow of Rs2,391 crore, driven by sustained losses and sluggish growth
• The board approved plans to raise up to Rs1,700 crore in debt, with over Rs2,800 crore of IPO proceeds still unutilised
• Kotak Securities cut its target price by 40% to Rs30, warning that intensified competition and execution challenges could worsen the cash crunch