कोशिश गोल्ड - मुक्त
Ola Electric Faces Investors' Ire After Q4 Disappointment
Mint Bangalore
|May 31, 2025
The company lost nearly ₹1,000 crore in market value after investors rushed to sell shares; stock fell 4.2% to ₹50.96
Ola Electric's investors' rush to sell their stake in the company led to a nearly ₹1,000 crore loss in its valuation on the stock markets on Friday.
Company's shares tumbled 4.2%, trading at ₹50.96 per share on Friday, as revenue from operations slid more than 60% to ₹611 crore and net loss more than doubled to ₹870 crore during the January to March period. For the full financial year, the company's total loss was at ₹2,276 crore, and last year the loss was ₹1,584 crore.
Notably, it was the first time during a quarter that revenue from operations of the leading e-scooter player fell below Ather Energy, which ranked fourth in the total electric scooter sales hierarchy.
यह कहानी Mint Bangalore के May 31, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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