Ola Consumer’s FY24 Loss Declines 57% To INR 329 Cr

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SUMMARY

The decline in loss came on the back of a sharp 42.28% reduction in employee benefit expenses

Ola Consumer’s parent ANI Technologies saw its operating revenue slip 5.48% YoY to INR 2,011.9 Cr in FY24

Ola Consumer said its EBITDA (excluding discontinued operations) grew to INR 271 Cr during the year from INR 87 Cr in FY23

IPO-bound Ola Consumer’s parent ANI Technologies reported a 57.46% decline in its consolidated net loss to INR 328.5 Cr in the financial year (2023-24) from INR 772.2 Cr in the previous fiscal…



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Ola Consumer’s FY24 Loss Declines 57% To INR 329 Cr


SUMMARY

The decline in loss came on the back of a sharp 42.28% reduction in employee benefit expenses

Ola Consumer’s parent ANI Technologies saw its operating revenue slip 5.48% YoY to INR 2,011.9 Cr in FY24

Ola Consumer said its EBITDA (excluding discontinued operations) grew to INR 271 Cr during the year from INR 87 Cr in FY23

IPO-bound Ola Consumer’s parent ANI Technologies reported a 57.46% decline in its consolidated net loss to INR 328.5 Cr in the financial year (2023-24) from INR 772.2 Cr in the previous fiscal…



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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