Ola Electric shares drop more than 6% after the company reports a sharp year-on-year fall in September-quarter revenue, even as its consolidated net loss narrows. Multiple outlets say the decline in revenue from operations to about Rs 421 crore (down 39% YoY) drives investor concern, despite improving losses versus the prior year. Trading in the first minutes of the session is reported as active, with the stock slipping to around Rs 33.48 on the NSE in early trade.
The company’s September quarter consolidated net loss is described as Rs 362 crore, down from Rs 418 crore (or a broadly similar figure cited as Rs 4.18 billion) a year earlier, with outlets attributing the change to lower operating costs. Several reports also mention the company’s restructuring of its retail/distribution network, moving away from company-operated stores toward dealer-operated outlets to reduce expenses and improve efficiency. One outlet adds that deliveries in the quarter fall year-on-year, reinforcing concerns about weaker demand alongside softer revenue.
While all sources tie the selloff to the revenue decline, the emphasis differs: some lead with the stock reaction, others focus on the numbers behind profitability, and one highlights delivery volume as a key supporting indicator.
