Ola Electric’s Q3 Loss Zooms 50% YoY To INR 564 Cr

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SUMMARY

Ola Electric’s consolidated net loss widened 50% YoY to INR 564 Cr in Q3 FY25, hurt by lower revenue amid rising competition in the EV two-wheeler market

Operating revenue declined 19% to INR 1,045 Cr during the quarter under review from INR 1,296 Cr in Q3 FY24

Ola Electric said its gross margin in the auto segment expanded by 20 bps sequentially to 20.8% in Q3 due to lower BOM costs and the benefit of PLI accruals across products

Bhavish Aggarwal-led Ola Electric’s consolidated net loss widened 50% to INR 564 Cr…



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Ola Electric’s Q3 Loss Zooms 50% YoY To INR 564 Cr


SUMMARY

Ola Electric’s consolidated net loss widened 50% YoY to INR 564 Cr in Q3 FY25, hurt by lower revenue amid rising competition in the EV two-wheeler market

Operating revenue declined 19% to INR 1,045 Cr during the quarter under review from INR 1,296 Cr in Q3 FY24

Ola Electric said its gross margin in the auto segment expanded by 20 bps sequentially to 20.8% in Q3 due to lower BOM costs and the benefit of PLI accruals across products

Bhavish Aggarwal-led Ola Electric’s consolidated net loss widened 50% to INR 564 Cr…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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