Ola Electric Q3 Results: Loss Widens To Rs 564 Crore, Revenue Shrinks By A Fifth

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.

• 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