Ola Electric Q1FY25 Loss Widens To ₹347 Cr YoY. Mayuresh Joshi Recommends Wait-And-Watch Strategy

Ola Electric Mobility Ltd. announced its June quarter results on August 14th after the market closed, revealing a widened net loss compared to the same quarter last year. The net loss for Q1FY25 increased to ₹347 crore, up from ₹267 crore in the previous year’s corresponding quarter. This rise in losses was driven by a sharp increase in finance costs, which nearly doubled to ₹67 crore from ₹36 crore last year, and a surge in total expenses, which climbed to ₹1,849 crore from ₹1,461 crore. Despite these challenges, Ola Electric's revenue grew by 32.3% year-on-year, reaching ₹1,644 crore, up from ₹1,243 crore. The company's EBITDA showed a loss of ₹205 crore, slightly improving from the ₹218 crore loss recorded last year. Should you consider investing in Ola Electric despite its widening losses? Mayuresh Joshi, Head of Equity Research at William O’Neil India, advises a wait-and-watch approach for the stock.