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Ola Electric Share Price: Shares of Ola Electric Mobility Ltd. fell nearly 1.8% to Rs 49.16 on Thursday, November 6, following the company’s September-quarter earnings, which showed a narrower loss but a sharp drop in revenue. The stock continues to trade below its IPO price of Rs 76, and nearly 69% below its post-listing high of Rs 157.

Ola Electric reported a net loss of Rs 418 crore for Q2FY25, compared with a loss of Rs 495 crore in the same period last year. The figure, however, missed Kotak Institutional Equities’ projection of a narrower Rs 346 crore loss, as revenue fell more than expected.

Quarterly revenue declined 43.2% YoY to Rs 690 crore from Rs 1,214 crore, broadly in line with Kotak’s estimate of Rs 685 crore. The fall was primarily attributed to

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