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This decline has taken a toll on its market share, which has shrunk from 46 per cent in June 2024 to simply 19 per cent now.
The state of affairs is not any higher on the inventory market. Ola Electrical, which is nearing the one-year mark since its public itemizing, has seen its share worth fall steeply.
On Tuesday afternoon, the inventory was buying and selling at Rs 42 on the Nationwide Inventory Change (NSE), down Rs 1.16 or 2.69 per cent.
The share additionally touched its 52-week low of Rs 41.82 right this moment, far under its 52-week excessive of Rs 157.4.
Over the previous one month, the inventory has misplaced 21.74 per cent of its worth. In comparison with its itemizing worth of Rs 76, the inventory is now down 43 per cent.
The long-term view is much more worrying. Within the final six months, the share worth has fallen by greater than half — 51.25 per cent — and over the previous 12 months, it’s down 53.9 per cent.
Investor sentiment took an extra hit earlier in June when a big block deal passed off. Round 14.22 crore shares value Rs 731 crore modified fingers, reportedly with Hyundai Motor Firm as the vendor. The typical promoting worth was Rs 51.40 per share.
On the monetary facet, Ola Electrical has reported disappointing outcomes for the fourth quarter (This fall) of FY25.
The corporate posted a internet lack of Rs 870 crore, which is greater than double the Rs 416 crore loss it had in the identical quarter of the earlier 12 months.
Its income from operations additionally fell by 62 per cent year-on-year (YoY), dropping to Rs 611 crore.
This was primarily resulting from decrease automobile deliveries, which stood at 51,375 items in This fall FY25 — down from 1.15 lakh items a 12 months in the past.
