How has been the historical performance of Ola Electric?

Answer:The historical performance of Ola Electric shows a trend of increasing net sales but continued losses over the years.

Breakdown:
Ola Electric's net sales increased from 2,630.93 Cr in March 2023 to 5,010.00 Cr in March 2024, before declining to 4,514.00 Cr in March 2025. The total operating income followed a similar pattern, reaching 5,010.00 Cr in March 2024 and then dropping to 4,514.00 Cr in March 2025. Despite the rise in sales, the company faced significant raw material costs, which were 3,600.00 Cr in March 2025, down from 4,391.00 Cr in March 2024. The total expenditure, excluding depreciation, was 6,253.00 Cr in March 2025, slightly lower than the previous year's 6,277.00 Cr. Operating profit (PBDIT) remained negative, worsening from -1,034.00 Cr in March 2024 to -1,321.00 Cr in March 2025. Consequently, the profit before tax also declined, reaching -2,276.00 Cr in March 2025 compared to -1,584.00 Cr in March 2024. The net profit followed suit, with losses increasing from -1,584.00 Cr in March 2024 to -2,276.00 Cr in March 2025. The earnings per share (EPS) improved slightly from -8.1 in March 2024 to -5.16 in March 2025, indicating a reduction in losses per share. Overall, while sales showed growth, the company continued to struggle with profitability and cash flow, ending March 2024 with a closing cash equivalent of -111.00 Cr, down from 67.00 Cr in March 2023.