Shares of Ola Electric saw a steep fall on Friday, tumbling close to 10% after the company announced poor quarterly results. On the Bombay Stock Exchange (BSE), the stock dropped 9.71% to Rs 48.07, while on the National Stock Exchange (NSE), it fell 9.72% to Rs 48.06. The electric vehicle company had reported a consolidated net loss of Rs 870 crore in the fourth quarter ending March 31, 2025. This is a significant jump from the Rs 416 crore loss in the same quarter of the previous financial year. Ola Electric’s revenue from operations also declined 62 percent to Rs 611 crore in Q4 FY25, compared to Rs 1,598 crore a year earlier. For the full financial year (FY25), the company recorded a net loss of Rs 2,276 crore, widening from Rs 1,584 crore in FY24. Its annual revenue also slipped to Rs 4,514 crore, down from Rs 5,010 crore in the previous year. Despite the numbers, Ola Electric remains optimistic. In a regulatory filing, the company said that it is aiming for profitability in FY26. It highlighted an improvement in gross margins, which rose by 38% year-on-year in FY25. Additionally, margins in the first quarter of FY26 have already shown a 10-percentage-point improvement over the previous quarter.