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Ola Electric shares can crash up to 35%, warns Emkay after seeing Q4 results
Shares of Ola Electric fell sharply on Thursday on after a weak Q4 show, with brokerage Emkay Global maintaining a Sell rating and raising its target to Rs 25, implying over 35% downside. Revenue dropped 57% YoY and volumes slumped, while competition from rivals like Ather and TVS mounts, clouding near-term recovery prospects.
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economictimes.indiatimes.com
Ola Electric Q4 Results: Net loss contracts 42% YoY to Rs 500 crore, revenue tanks 57%
Ola Electric Q4 Results: Pure-play electric two-wheeler maker Ola Electric Mobility reported a consolidated net loss of Rs 500 crore for the March quarter, marking a contraction…
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Ola Electric Q4 loss narrows 42.5% to Rs 500 crore, CEO Aggarwal bets on volume recovery - The Economic Times
The Bhavish Aggarwal-led company’s revenue from operations during the quarter declined 56.6% year-on-year (YoY) to Rs 265 crore from Rs 611 crore a year earlier, according to the…
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yourstory.com
Ola Electric's losses halve, but revenue rout deepens
Ola Electric's net loss of Rs 500 crore for the quarter ended March 31, down 42.5% from a loss of Rs 870 crore in the same period a year earlier. The improvement came despite a…
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newsbytesapp.com
Ola Electric's Q4 loss down 42.5% YoY to ₹500cr
Ola Electric's net loss for Q4 contracted 42.5% YoY to Rs 500 crore, while revenue saw a sharp decline of 57%, reflecting significant financial shifts.
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Ola Electric shares can crash up to 35%, warns Emkay after seeing Q4 results
Shares of Ola Electric fell sharply on Thursday on after a weak Q4 show, with brokerage Emkay Global maintaining a Sell rating and raising its target to Rs 25, implying over 35%…