India's Ola Electric posts wider loss on discounts, improving service quality
India's top electric two-wheeler maker Ola Electric reported a wider quarterly loss on Friday, hurt by heavy discounts it offered to fend off rising competition and as it spent on improving the quality of service at its workshops.
Ola Electric Reports Wider Losses in Q3 FY25 Amid Sluggish Sales
Ola Electric Mobility Ltd., India’s largest electric two-wheeler manufacturer, has reported a significant widening of its losses for the third quarter of the fiscal year 2025. The company’s financial performance took a hit as sales declined, leading to a sharp drop in revenue and an even greater EBITDA loss.
Ola Electric Q3 net loss widens 50% to Rs 564 crore amid rising competition, service issues
Ola Electric's operating revenue fell 19% year-on-year to Rs 1,045 crore. The company mainly earns revenue from electric scooter sales, with battery sales contributing a small portion. Total expenses for the quarter were Rs 1,
Indian electric two-wheeler maker Ola Electric's quarterly loss widens
India's top electric two-wheeler maker Ola Electric reported a wider quarterly loss on Friday, hurt by heavy discounts it offered to fend off rising competition.
Ola Electric's Q3 loss widens to ₹564cr, revenue down 19%
In the previous quarter ending September 2024, Ola Electric had faced a net loss of ₹495 crore. There was also a decline in its operational revenue for Q3 FY25. Revenue declined by 19.36% to ₹1,045 crore from ₹1,296 crore YoY.
Ola Electric Q3 net loss widens to ₹564 crore
Ola Electric Mobility Ltd on Friday reported a widening of consolidated net loss at ₹564 crore in the third quarter, that ended on December 31, 2024, impacted by lower revenue due to enhanced competition and one-off cost to address service issues.
Ola Electric Q3 Results: Loss Widens To Rs 564 Crore, Revenue Shrinks By A Fifth
Results: Consolidated net loss of the billionaire Bhavish Aggarwal-led company widened to Rs 564 crore even as revenue fell 19.4% to Rs 1,045 crore.
Ola Electric Mobility Q3 Results: Net loss widens, revenue drops 19%
Revenue for the December quarter declined by 19.4% from last year to ₹1,045 crore. The company had offered multiple festive discounts during the quarter. Ola Electric had reported revenue of ₹1,644 crore during the June quarter and ₹1,
Ola Electric Q3 Results: Cons loss widens to Rs 564 crore YoY, revenue declines 19%
Results: The revenue declined 19% YoY to Rs 1,045 crore from Rs 1,296 crore. Despite reducing expenses to Rs 1,505 crore from Rs 1,593 crore in Q2FY25 and Rs 1,597 crore in Q3FY24, the company reported higher losses on both YoY and QoQ bases.
Ola Electric shares decline nearly 3 pc as Q3 net loss widens
Shares of Ola Electric Mobility Ltd on Friday dropped nearly 3 per cent after the firm reported a widening of consolidated net loss at Rs 564 crore in the December quarter
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