Indian electric two-wheeler maker Ola Electric's quarterly loss widens
India's top electric two-wheeler maker Ola Electric reported a wider quarterly loss on Friday, hurt by heavy discounts it offered to fend off rising competition. The SoftBank-backed firm reported a loss of 5.
Ola Electric Q3 results: Net loss widens to Rs 564 cr, revenue drops 19%
Its revenue from operations in Q3FY25 dropped 19.36 per cent to Rs 1,045 crore, down from Rs 1,296 crore in the same period last year (YoY)
Ola Electric’s loss widens to Rs 564 crore in Q3, revenue drops 19 pc as stock plunges
Bhavish Aggarwal-run Ola Electric Mobility on Friday reported a massive net loss of Rs 564 crore in the third quarter (Q3 FY25), an increase of 13.94 per cent compared to a net loss of Rs 495 crore
Ola Electric's Q3 loss widens to ₹564cr, revenue down 19%
In the previous quarter ending September 2024, Ola Electric had faced a net loss of ₹495 crore. There was also a decline in its operational revenue for Q3 FY25. Revenue declined by 19.36% to ₹1,045 crore from ₹1,296 crore YoY.
Ola Electric Shares Plunge Over 3% After Q3 Results
Shares of Ola Electric dropped over 3% to INR 69.69 on the BSE after the company reported a 50% increase in its net loss to INR 564 Cr in Q3 FY25 from INR 376 Cr in the year-ago quarter
Ola Electric Q3 Results: Loss Widens To Rs 564 Crore, Revenue Shrinks By A Fifth
Results: Consolidated net loss of the billionaire Bhavish Aggarwal-led company widened to Rs 564 crore even as revenue fell 19.4% to Rs 1,045 crore.
Ola Electric Standalone December 2024 Net Sales at Rs 1.00 crore, down 85.71% Y-o-Y
Net Sales at Rs 1.00 crore in December 2024 down 85.71% from Rs. 7.00 crore in December 2023. Quarterly Net Profit at Rs. 33.00 crore in December 2024 up 353.85% from Rs. 13.00 crore in December 2023. EBITDA stands at Rs. 58.00 crore in December 2024 up 627.27% from Rs. 11.00 crore in December 2023.
India's Ola Electric posts wider loss on discounts, improving service quality
India's top electric two-wheeler maker Ola Electric reported a wider quarterly loss on Friday, hurt by heavy discounts it offered to fend off rising competition and as it spent on improving the quality of service at its workshops.
Ola Electric shares decline nearly 3 pc as Q3 net loss widens
Shares of Ola Electric Mobility Ltd on Friday dropped nearly 3 per cent after the firm reported a widening of consolidated net loss at Rs 564 crore in the December quarter
Ola Electric expects its motorcycles to power EV adoption in India
India's top electric two-wheeler maker Ola Electric Mobility expects its newly-launched motorcycles to boost the pace of EV ...
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Ola Electric’s gross margins surged in January, with more gains ahead: Bhavish Aggarwal
The company is expected to reap gains from its expanding portfolio, increasing store footprint and is looking to enter the ...
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Ola Electric launches new e-scooters with a range of up to 320 km
Indian electric two-wheel maker Ola Electric has launched four new electric scooters, called S1 X, S1 X+, S1 Pro, and S1 Pro+ ...
Ola Electric predicts faster EV motorcycle adoption, halving the time taken by scooters
Ola Electric anticipates a significantly faster uptake of electric motorcycles, expecting it to take just half or two-thirds ...
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Ola regains top spot in electric two-wheeler sales in January 2025
Ola S1 Pro, Bajaj Chetak, TVS iQube, Ather 450X, Ather Rizta, Vida V2 electric scooter sales in January 2025. Tap for more.
Ola Electric Roadster X Series With Mid-Drive Motor, Up to 501 KM IDC Range Launched in India
Ola Electric Roadster X series introduces flat cables which are claimed to package efficiency while reducing weight.
Ola Electric rolls out e-bikes
Ola Electric on Wednesday said it has forayed into the electric motorcycle segment with the launch of its Roadster X series.
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Ola Roadster X+: Same Price Other Options
Ola has launched the Roadster X+ and here are five options you can consider in the same price range: Royal Enfield Hunter 350 ...