Ola Electric shares tumbled 5.5% after disappointing Q4 results, forecasting a significant revenue decline. Losses doubled due to warranty expenses and weak sales, prompting a downgrade from Kotak Institutional Equities. Despite targeting profitability, shares are down 41% YTD.

• Q4 loss doubled to 8.7 billion rupees.
• Revenue forecast drops to 8.5 billion rupees.
• Kotak downgrades to “sell” with the 30-rupee target.