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The Economic Times

Akash Podishetti

Ola Electric Q1 Results: Loss narrows to Rs 336 crore; revenue falls 45% YoY

Ola Ola Electric

Ola Electric Mobility reported a narrower loss for the June quarter, as deliveries nearly doubled from the previous quarter and revenue recovered after a weak Q4. The electric two-wheeler maker posted a consolidated loss of Rs 336 crore in Q1, compared with a loss of Rs 428 crore in the same quarter last year and Rs 500 crore in Q4.

Revenue from operations stood at Rs 455 crore, down 45% from Rs 828 crore a year earlier, but up 72% quarter-on-quarter from Rs 265 crore.

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