Ola Electric losses widen to Rs 347 crore in April-June quarter

Ola Electric Mobility reported a widened loss of Rs 347 crore for the April-June 2024 quarter, up from Rs 267 crore in the same period last year. Despite the increase in losses, the company saw revenue from operations rise to Rs 1,644 crore, compared to Rs 1,243 crore in the previous fiscal year's corresponding quarter.

Ola Electric losses widen to Rs 347 crore in April-June quarter
Ola Electric Mobility Reports Rs 347 Crore Loss for April-June 2024 Quarter; Image | Pixabay

Ola Electric Mobility on Wednesday reported a widening of its consolidated losses to Rs 347 crore in the April-June quarter from a year ago.

The company reported losses of Rs 267 crore in the April-June period of 2023, according to a regulatory filing.

Revenue from operations for the quarter under review was Rs 1,644 crore against Rs 1,243 crore in the same quarter of the previous fiscal

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Written By: PTI
Updated: Wed, Aug 14, 2024
06:03 PM IST
New Delhi, PTI
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