Try GOLD - Free
Ola Electric Revenue From Ops Falls Below Rival Ather's
Mint Kolkata
|May 30, 2025
Ola reported ₹611 cr revenue in Q4, for the first time trailing Ather, which recorded ₹676 cr
Ola Electric Mobility Ltd's revenue from operations crashed 41.5% sequentially to ₹611 crore in the January-March quarter, falling behind its smaller rival Ather Energy Ltd for the first time since the Bhavish Aggarwal-led startup sparked off the electric vehicle wave in the country eight years ago.
Ola Electric's other income totaled ₹117 crore in January-March, which helped the company end with ₹728 crore revenue in the final quarter of FY25. Ather, which went public earlier this year, had ₹11.7 crore in other income and ₹676.1 crore in revenue from operations in the quarter ended March 2025.
However, Ola's founder and chief executive Bhavish Aggarwal attributed the decline in revenue to two "one-time" causes—first, an issue with Ola Electric's buyer registration and delivery process, and secondly, an allocation of ₹250 crore to cater to warranty and repair claims made on the firm's early generation electric two-wheelers.
Net loss widened to ₹2,276 crore for FY25, driven by slow realization of revenue, long wait periods for product deliveries and warranty costs.
Revenue for FY25 dropped 9.9% to ₹4,514 crore, led largely by Ola Electric's March quarter revenue dropping by a whopping 41.5%.
This story is from the May 30, 2025 edition of Mint Kolkata.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Kolkata
Mint Kolkata
Commissions trump advice in India's wealth management biz
India's wealth management sector is sticking to lucrative commissions over more transparent advisory fees, even a decade after the regulator pushed for a shift.
1 min
January 13, 2026
Mint Kolkata
Food effect lifts Dec CPI inflation
India's retail inflation rose for the second successive month in December, data released by the statistics ministry on Monday showed, driven by a moderation in negative food inflation and an uptick in core inflation.
1 min
January 13, 2026
Mint Kolkata
Budget to lay down India’s blueprint for AI, deeptech
Artificial intelligence (AI) may get the pride of place in the upcoming Union budget, with the Centre crafting a long-term blueprint to support the emerging sector against the backdrop of China’s technology ascent.
1 min
January 13, 2026
Mint Kolkata
Modi, Merz push defence, trade ties amid global flux
As many as 19 pacts were inked, including a declaration on defence industrial cooperation
3 mins
January 13, 2026
Mint Kolkata
Venezuelan crude on offer to India, China
Vitol and Trafigura have started discussions on Venezuelan crude oil sales with refiners in India and China for cargoes to be delivered in March, several traders said on Monday.
1 min
January 13, 2026
Mint Kolkata
NSE targets filing IPO documents by the end of March
The National Stock Exchange of India Ltd (NSE), the country’s largest exchange, plans to file its draft prospectus for its long awaited public listing by the end of March, according to two people familiar with the matter.
1 mins
January 13, 2026
Mint Kolkata
Why India's iron ore imports are rising
A global glut of highgrade iron ore is reshaping India’s raw material economics—and pushing steelmakers to import more at home’s expense.
2 mins
January 13, 2026
Mint Kolkata
Pak’s conflict with Afghanistan opens $200 mn pharma window for India
Afghanistan’s border tensions with Pakistan, which led to the shutdown of vital transit routes, may have opened up a $200 million pharmaceutical opportunity for India.
2 mins
January 13, 2026
Mint Kolkata
Is DMart’s margin spike durable?
Good and bad Avenue Supermarts’ revenue growth moderated further in Q3FY26, but Ebitda margin rose to a multi-quarter high.
2 mins
January 13, 2026
Mint Kolkata
Trade talks with US today, new envoy backs India partnership
The US and India will hold afresh round of negotiations on Tuesday over a much-delayed trade deal, even as Washington moves to draw New Delhi into the Pax Silica, a brand-new technological alliance of nations to counter China in chips, critical minerals, and artificial intelligence (AI) infrastructure.
1 min
January 13, 2026
Listen
Translate
Change font size
