Ola Electric Mobility shares fall 4% even as Q4 net loss shrinks 42% YoY to Rs 500 crore

Ola Electric shares dropped after the company reported a Rs 500 crore net loss for the March quarter. Revenue also saw a significant decline. However, the company achieved positive operating cash flow for the first time. Ola Electric anticipates a strong recovery in orders for the upcoming quarter and aims for operating EBITDA positivity in the auto business during FY27.