Ultraviolette’s FY25 Loss Magnifies 89% To INR 116 Cr On FY25

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SUMMARY

The EV maker’s loss for the fiscal year under review zoomed 89% to INR 116.3 Cr from INR 61.6 Cr loss incurred in the previous fiscal year

In the same time frame, the startup’s operating revenue surged 114% to INR 32.3 Cr from INR 15.1 Cr in the previous fiscal year

Ultraviolette total expenditure rose 76% YoY to INR 188.7 Cr

EV bike maker Ultraviolette continued to bleed heavily in the fiscal year FY25 despite registering a notable uptick in its top line. The EV maker’s loss for the fiscal year under review…



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Ultraviolette’s FY25 Loss Magnifies 89% To INR 116 Cr On FY25


SUMMARY

The EV maker’s loss for the fiscal year under review zoomed 89% to INR 116.3 Cr from INR 61.6 Cr loss incurred in the previous fiscal year

In the same time frame, the startup’s operating revenue surged 114% to INR 32.3 Cr from INR 15.1 Cr in the previous fiscal year

Ultraviolette total expenditure rose 76% YoY to INR 188.7 Cr

EV bike maker Ultraviolette continued to bleed heavily in the fiscal year FY25 despite registering a notable uptick in its top line. The EV maker’s loss for the fiscal year under review…



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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