Ola Electric Q1: Loss Jumps 30% YoY To INR 347 Cr, Revenue Up 32%

Ola Electric Q1: Loss Jumps 30% YoY To INR 347 Cr, Revenue Up 32%

SUMMARY

Bhavish Aggarwal-led Ola Electric’s net loss declined nearly 17% in Q1 FY25 from INR 416 Cr in the preceding March quarter

Operating revenue grew 32% to INR 1,644 Cr during the quarter under review from INR 1,243 Cr in Q1 FY24

Ola Electric said it made the "highest ever deliveries of vehicles" in the quarter, selling 1.25 Lakh units as against 70,575 units in the same period last year

Bhavish Aggarwal-led Ola Electric’s consolidated net loss rose 30% to INR 347 Cr in the June quarter of the financial year 2024-25 (Q1 FY25) from INR 267 Cr in the year-ago quarter.

However, the recently listed startup’s loss declined nearly 17% from INR 416 Cr in the preceding March quarter.

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