Ola Electric's Losses Widen to Rs 347 Cr in Q1 FY24
By Rediff Money Desk, Mumbai 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.
![Ola Electric's Losses Widen to Rs 347 Cr in Q1 FY24](https://im.rediff.com/money/2023/dec/26dec-ola.jpg)
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.
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.
Source: PTI
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