Under this model, drivers can choose their own plans and keep the full fare amount without any deductions. The rollout began with Ola Autos, followed by Ola Bikes, and now includes Ola Cabs. Ola said the initiative aims to offer driver-partners unlimited earning potential and promote autonomy and sustainability in the mobility sector.
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Ola Electric Q4 Earnings
Ola Electric posted a sharp rise in losses for the March quarter. Net loss widened to Rs 870 crore from Rs 416 crore in the same period last year.Revenue from operations fell 62% year-on-year to Rs 611 crore, as vehicle deliveries dropped to 51,375 units in Q4 FY25 from 1.15 lakh units a year ago.
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Auto EBITDA margin plunged to -78.6% from -9.3% in Q4 FY24, while consolidated EBITDA margin fell to -101.4%, impacted by high provisioning and weak operating leverage. Gross margin improved slightly to 19.2%, supported by higher monetisation and an increased share of Gen-3 platform vehicles, which deliver 20% more power and range at 11% lower cost than Gen-2 models.
For FY25, Ola Electric delivered 3.59 lakh units, up from 3.29 lakh in FY24. Full-year adjusted revenue came in at Rs 4,665 crore, with a consolidated EBITDA margin of -34.6%.
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Ola Electric Share Price Target
According to Trendlyne, the average target price for Ola Electric is Rs 59, indicating an upside of nearly 27% from current levels. Among the seven analysts tracking the stock, the consensus rating is ‘Hold’.
Ola shares have declined 46% year-to-date and are down 52% over the past six months. The company’s market capitalisation stands at Rs 20,505 crore.
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