Loss Widens 23% YoY To INR 428 Cr

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SUMMARY

While Ola Electric’s loss jumped YoY, the company managed to trim down the net loss sequentially by almost 50% from INR 870

Its revenue from operation also dropped nearly 50% to INR 828 Cr in the quarter under review from INR 1,644 Cr in Q1 FY25

Sequentially, the revenue from operations jumped 35.5%

Bhavish Aggarwal-led Ola Electric’s consolidated net loss widened to INR 428 Cr in the first quarter of the financial year 2025-26 (FY26), up 23.3% from INR 347 Cr reported during the same period last year.

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Loss Widens 23% YoY To INR 428 Cr


SUMMARY

While Ola Electric’s loss jumped YoY, the company managed to trim down the net loss sequentially by almost 50% from INR 870

Its revenue from operation also dropped nearly 50% to INR 828 Cr in the quarter under review from INR 1,644 Cr in Q1 FY25

Sequentially, the revenue from operations jumped 35.5%

Bhavish Aggarwal-led Ola Electric’s consolidated net loss widened to INR 428 Cr in the first quarter of the financial year 2025-26 (FY26), up 23.3% from INR 347 Cr reported during the same period last year.

On a…



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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