Are Ola Electric latest results good or bad?

Ola Electric Mobility has reported its financial results for the quarter ending June 2025, highlighting a complex performance landscape. The company experienced an adjustment in its evaluation, reflecting ongoing challenges in its operations.
In terms of earnings, Ola Electric reported an Earnings per Share (EPS) of Rs -0.97, which is the highest EPS recorded in the last five quarters, suggesting a slight improvement in profitability for shareholders. However, net sales for the quarter were Rs 828.00 crore, which represents a decline of 26.6% compared to the average net sales of Rs 1,128.50 crore over the previous four quarters, indicating a concerning trend in sales performance.

Additionally, the Profit After Tax (PAT) for the latest six months was reported at Rs -1,298.00 crore, reflecting a year-on-year decrease of 55.61%. The company also noted rising interest costs amounting to Rs 216.00 crore, which points to increased borrowings.

When examining the quarterly results, there was a reported net sales growth of 35.52% compared to the previous quarter, which contrasts with a significant decline in the prior quarter. The consolidated net profit also showed a growth of 50.80% quarter-on-quarter, although it remains in negative territory. The operating profit margin, while still negative, indicated a notable change of 85.13% from the previous quarter.

Overall, while there are some signs of operational improvement in certain metrics, the overall performance reflects significant challenges that Ola Electric continues to navigate.