Ola Electric Q1: Revenue halves, losses widen to Rs 428 crore

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Ola Electric’s operating revenue plunged nearly 50% year-on-year to Rs 828 crore in the quarter ended June 2025, reflecting the intensifying competition in the electric two-wheeler segment. The company’s net loss rose 23% to Rs 428 crore from Rs 348 crore a year earlier.

Total expenses dropped 42% to Rs 1,065 crore during the quarter under review, against Rs 1,849 crore in the year-ago period. The drop was mostly on account of the decline in cost of raw materials consumed, which fell 66% to Rs 441 crore in the first quarter of this fiscal.

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Ola Electric Q1: Revenue halves, losses widen to Rs 428 crore



Ola Electric’s operating revenue plunged nearly 50% year-on-year to Rs 828 crore in the quarter ended June 2025, reflecting the intensifying competition in the electric two-wheeler segment. The company’s net loss rose 23% to Rs 428 crore from Rs 348 crore a year earlier.

Total expenses dropped 42% to Rs 1,065 crore during the quarter under review, against Rs 1,849 crore in the year-ago period. The drop was mostly on account of the decline in cost of raw materials consumed, which fell 66% to Rs 441 crore in the first quarter of this fiscal.

Ola…



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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