OLA Electric Mobility Ltd.
BSE: 544225 | NSE: OLAELEC
Small Cap | Automobile Two & Three Wheelers
45.53
-1.76 (-3.72%) Ola Electric Mobility’s consolidated net loss narrows to Rs 495 crore in Q2FY25
Date: 11-11-2024Ola Electric Mobility has reported results for second quarter ended September 30, 2024 (Q2FY25).
The company has reported net loss at Rs 11 crore for the quarter ended September 30, 2024 as compared to net loss of Rs 7 crore for the same quarter in the previous year. However, total income of the company increased by 43.24% at Rs 53 crore for Q2FY25 as compared to Rs 37 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net loss at Rs 495 crore for Q2FY25 as compared to net loss of Rs 524 crore for the same quarter in the previous year. However, total income of the company increased by 42.52% at Rs 1314 crore for Q2FY25 as compared to Rs 922 crore for the corresponding quarter previous year.