OLA ELECTRIC has announced its quarterly results. After the results, the stock has fallen sharply. On 7 February 2025, the company's stock opened at Rs 72.11 against the closing price of Rs 71.84. After this, the stock fell below the price of Rs 69.

OLA ELECTRIC's loss increased- The company's loss has increased on an annual basis. The loss has increased from Rs 376 crore to Rs 564 crore in the October-December quarter of the financial year 2024-25 as compared to the October-December quarter of the financial year

2023-24. Income has decreased. The income has come down from Rs 1,296 crore to Rs 1,045 crore in the October-December quarter of the financial year 2024-25 as compared to the October-December quarter of the financial year 2023-24. The EBITDA loss has increased from Rs 301 crore to Rs 407 crore. The stock continues to fall sharply- The stock has fallen by -7 percent in a week. It has fallen by -20 percent in the year 2025. FIIs have sold stake. In the December quarter as compared to September, the FII stake has come down from 4.18 percent to 2.11 percent. The promoters' stake remains stable at 36.78 percent. But the promoters have pledged 2.98 per cent stake. What does OLA ELECTRIC company do - Ola Electric is an Indian electric vehicle (EV) manufacturing company. It is involved in the design, development, manufacturing, and sale of electric scooters. The company aims to promote environmentally friendly and sustainable transportation solutions. Electric Scooter: Ola Electric has launched various models of electric scooters, including Ola Gig, Gig +, S1 Z, and S1 Z +. Their prices start at ₹ 39,999. The company had set a target to expand its distribution network to 4,000 stores by December 2024, covering all the pin codes of the country.