Ola Electric’s losses widened
Shares of Ola Electric, one of the largest electric two-wheeler manufacturers in the country, have been listed on the stock exchange for just a few days now. The company’s shares have set a new record high. Its IPO price was Rs 76, which reached a high of Rs 130 within a few days. Meanwhile, the company announced its first quarterly results after listing on the stock market and its losses widened to Rs 347 crore. Have you also bought Ola shares?
According to Ola Electric’s quarterly results, the company suffered a loss of Rs 347 crore in the April-June quarter of the financial year 2024-25. The company’s loss in the same quarter last year was Rs 267 crore. Thus, the company’s losses increased by Rs 80 crore.
Increase in company revenue.
Ola Electric’s revenue has increased during the same period. The company’s revenue in April-June 2024 was Rs 1,644 crore. In the same period of the last financial year, the company’s revenue was Rs 1,243 crore, while the company’s expenses increased during the same period. It has become Rs 1,849 crore, which was Rs 1,461 crore in April-June 2023.
read this too
Growth seen in the company’s sales.
Apart from the results, the company has seen a tremendous growth in sales of electric vehicles. During this period, the company’s electric scooter deliveries have also increased. The company has delivered 1,25,198 scooters between April and June, which is 70,575 units in the same quarter last year. Ola Electric will also be launching its new electric motorcycle on August 15.
Have you also taken shares in Ola?
Seeing the record rise in Ola Electric stock, have you also invested in its shares? If not, then you can make a better decision now after Ola Electric’s results. As far as investing in the stock market is concerned, experts say that before investing in any company’s stock, it is worth looking at its fundamentals. Investing in a stock based solely on market sentiment can be risky.
