Ola Electric's Losses Widen to Rs 347 Cr in Q1 FY24
Aug 14, 2024 16:57
Ola Electric Mobility reported widening losses of Rs 347 crore in the April-June quarter, compared to Rs 267 crore in the same period last year. Revenue grew to Rs 1,644 crore.
Photograph: Courtesy Ola Electric
Mumbai, Aug 14 (PTI) Ola Electric Mobility on Wednesday reported widening of its consolidated losses to Rs 347 crore in the April-June quarter from a year ago.
The company reported losses of Rs 267 crore in the April-June period of 2023, according to a regulatory filing.
Revenue from operations for the quarter under review was Rs 1,644 crore against Rs 1,243 crore in the same quarter of the previous fiscal.
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