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Ola Electric's losses widen to ₹564 crore
Financial Express Kochi
|February 08, 2025
OLA ELECTRIC MOBILITY, the country's largest electric two-wheeler (E2W) maker, on Friday reported a net loss of ₹564 crore for the third quarter of FY25, widening from ₹376 crore a year ago.
OLA ELECTRIC MOBILITY, the country's largest electric two-wheeler (E2W) maker, on Friday reported a net loss of ₹564 crore for the third quarter of FY25, widening from ₹376 crore a year ago. The company had posted a net loss of ₹495 crore in the previous quarter.
The E2W maker's revenue from operations in Q3FY25 declined 19.36% year-on-year (y-o-y) to ₹1,045 crore from ₹1,296 crore. Sequentially, revenue was also down from ₹1,214 crore in Q2FY25. The company's EBITDA loss in the December quarter increased to ₹460 crore from ₹301 crore a year ago.
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