Ola Electric shares hit all time low: Why is the stock declining?

New Delhi: The BSE Sensex and NSE Nifty tumbled nearly 1 per cent on July 11, 2025, Friday. The fall affected several stocks, like Ola Electric, which declined 0.48 per cent on NSE to reach its all time low of Rs 39.76 apiece.

Ola Electric stock declined for the fifth consecutive session. The counter has plunged 48 percent in the last one year. Importantly, as the share continues to drop, the company is all set to declare April-June quarter results of 2025-26 on 14th July. The poor performance of the share is attributed to weak sales and poor financial performance.

Ola Electric sold only 20,189 units in June. In June 2024, the company had a market share of 46 per cent, which came down to only 19 per cent. In the last quarter of FY25, the company's net loss surged from 417 crore to Rs 870 crore as compared to 2024. The company's revenue recorded a huge decline of 59.48 per cent on an annual basis, coming down from 1508 crore to 611 crore.

Ola Electric is one of the leading electric scooter manufacturers in the country that came into existence in 2017. The company’s product range includes many models like Ola S1 Pro, Ola S1 Air, Ola S1 X+, and Ola S1 X.

In its Q4 2024-25 Results, Ola Electric's net loss in the January-March quarter was recorded at Rs 870 crore, as compared to Rs 416 crore during the same quarter last year.

The revenue for the last quarter in FY25 dropped 62 per cent from last year to Rs 611 crore. The company had posted revenue of Rs 1,045 crore during the December period.

The country’s largest pure-play EV company on July 8 2025 announced the mass rollout of its MoveOS 5 software. MoveOS is the company's proprietary and in-house developed software for both its S1 range of scooters and the recently launched Roadster X motorcycles. With the upgrade to MoveOS 5, the company has unlocked more potential of its product by offering enhanced performance, better reliability, and increased range.