Shares of Ola Electric Mobility Ltd dropped more than 7 percent in early trade on Tuesday, June 3, following a big block deal worth \u20b9731 crore.<\/p>\n\n\n\n
About 14.22 crore shares, equal to 3.23 percent of the company’s equity, were traded at a price of \u20b951.4 per share, which is lower than the previous day\u2019s closing price of \u20b953.68. This means the shares were sold at a discount.<\/p>\n\n\n\n
According to market sources, Hyundai Motor India is likely the seller in this deal. As of March, Hyundai held a 2.47 percent stake in Ola Electric.<\/p>\n\n\n\n
By 10:45 am, Ola Electric shares were trading at \u20b950.28, down 6.3 percent on the NSE.<\/p>\n\n\n\n
This fall comes after Ola Electric reported a bigger net loss of \u20b9870 crore in the fourth quarter of FY25, compared to a loss of \u20b9416 crore in the same period last year. The company faced challenges due to heavy discounts and weak sales.<\/p>\n\n\n\n
Revenue from operations also dropped 62 percent year-on-year to \u20b9611 crore, compared to \u20b91,598 crore in Q4 FY24. The number of vehicle registrations fell by more than 52 percent to 56,760 units, and deliveries fell to 51,375 units.<\/p>\n\n\n\n
The company\u2019s management has said it is working on improving margins and reaching profitability in FY26. They plan to focus on increasing revenue, expanding their product line, and boosting service and distribution.<\/p>\n\n\n\n
\u201cFY26 will be focused on scaling revenue and operating leverage as we march towards sustainable profitability,\u201d the company said, adding that they are confident about driving the next phase of EV growth in India, including scooters and motorcycles.<\/p>\n\n\n\n
Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com<\/a> Shares of Ola Electric Mobility Ltd dropped more than 7 percent in early trade on Tuesday, June 3, following a big block deal worth \u20b9731 crore. About 14.22 crore shares, equal to 3.23 percent of the company’s equity, were traded at a price of \u20b951.4 per share, which is lower than the previous day\u2019s closing […]<\/p>\n","protected":false},"author":1,"featured_media":7016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[1207],"class_list":["post-7015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-ola-electric-block-deal"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=7015"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7015\/revisions"}],"predecessor-version":[{"id":7017,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7015\/revisions\/7017"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/7016"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=7015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=7015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=7015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Source: Moneycontrol<\/a><\/sub><\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"