Bhavish Aggarwal sells 0.6% stake in Ola Electric Mobility for ₹92 cr via bulk deal

Bhavish Aggarwal, Co-Founder of Ola Electric Mobility Ltd, on Tuesday (December 16) sold 2.6 crore shares, representing a 0.6% stake in the company, through a bulk deal.

The shares were sold at an average price of ₹34.99 per share, bringing the total deal size to ₹92 crore. As of September 2025, Bhavish Aggarwal held a 30.02% stake in Ola Electric.

Second Quarter Results

The company's net loss at the end of the September quarter narrowed to ₹418 crore from a loss of ₹495 crore it reported during the same

quarter last year. Revenue for the quarter declined by 43.2% to ₹690 crore from ₹1,214 crore last year. The figure is in line with the Kotak projection of ₹685 crore. A decline in volumes weighed on the company's topline.

Also Read: Ola Electric shares surge 8%; S&P Global flags of issues at promoter entity

For the full year, Ola Electric now sees revenue to be between ₹3,000-3,200 crore, compared to the earlier guidance of ₹4,200-4,700 crore. It also sees margins for the auto business to be around 5%, from the earlier target of around 5%.

Volumes for Ola Electric fell 44% during the quarter compared to last year and 19% on a sequential basis to 55,000 units. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter narrowed to a loss of ₹203 crore from ₹379 crore during the year-ago period. Kotak's estimate had projected the figure to be a loss of ₹161 crore.

Shares of Ola Electric Mobility Ltd ended at ₹34.20, down by ₹3.18, or 8.51%, on the BSE today, December 16.

Also Read: Stock Crash: Ola Electric Mobility shares fall for seventh straight day; Down 80% from post-listing high