Ola Electric Mobility shares fell 4% to Rs 35.49 on BSE during Thursday’s trading session after the pure-play electric two-wheeler manufacturer reported a consolidated net loss of Rs 500 crore for the March quarter, narrowing 42.5% from Rs 870 crore in the corresponding period last year, attributable to the company’s owners.
Revenue from operations stood at Rs 265 crore, marking a sharp 57% decline compared to Rs 611 crore reported in the same quarter of the previous financial year.
