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's operating revenue fell 19% year-on-year to Rs 1,045 crore. The company mainly earns revenue from electric scooter sales, with battery sales contributing a small portion. Total expenses for the quarter were Rs 1,

EV maker says despite strong performance fuelled by festival sales, the overall quarter was weak due to "high competitive intensity and service challenges"

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.

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.

Revenue for the December quarter declined by 19.4% from last year to ₹1,045 crore. The company had offered multiple festive discounts during the quarter. Ola Electric had reported revenue of ₹1,644 crore during the June quarter and ₹1,

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 net loss widened to Rs 564 crore in Q3 FY25 due to increased competition and one-off costs for service issues. Revenue declined to Rs 1,045 crore.

Ola Electric shares closed at 71.84 on February 05, 2025 (NSE) and has given -21.23% returns over the last 6 months and -21.23% over the last 12 months.

EV maker Ola Electric reported a loss of Rs 562 crore in Q3 FY25 as it struggles to attain profitability amid rising competition.

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