Ola Electric Mobility Ltd. saw its loss widen and revenue shrink as a slump in sales impacted financials of India's largest electric two-wheeler maker.
Consolidated net loss of the billionaire Bhavish Aggarwal-led company widened to Rs 564 crore in the three months ended Dec. 31, as against Rs 376 crore in the year-ago period, even as revenue fell 19.4% to Rs 1,045 crore, according to an exchange filing on Friday.
Ola Electric Q3 FY25 (Standalone, YoY)
Revenue down 19.4% at Rs 1,045 crore
EBITDA loss of Rs 460 crore vs EBITDA loss of Rs 301crore
Net loss of Rs 564 crore vs loss of Rs 376 crore
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