Ola Electric Q4 Results

Two-wheeler electric vehicle (EV) manufacturer Ola Electric on Thursday, May 29, informed that its consolidated net loss for the January-March (Q4) quarter of the financial year 2024-25 more than doubled to ₹870 crore amid a sharp decline in topline. The net loss in the corresponding quarter last year stood at ₹416 crore. The revenue from operations tumbled 62% year-on-year (YoY) to ₹611 crore during the quarter under review. In the January-March 2024 quarter, the company's revenue stood at ₹1,508 crore.