Ola Electric's Q1 Losses Widen Despite Revenue Growth

Ola Electric Mobility reported consolidated losses of Rs 347 crore for the April-June quarter, an increase from Rs 267 crore in the same period last year. Despite this, revenue from operations grew to Rs 1,644 crore compared to Rs 1,243 crore in the previous fiscal year's same quarter.

Ola Electric Mobility reported a significant increase in consolidated losses, amounting to Rs 347 crore for the April-June quarter.

This is a substantial rise from Rs 267 crore in the same period in the previous year, according to a regulatory filing.

Nevertheless, the company's revenue from operations saw growth, reaching Rs 1,644 crore compared to Rs 1,243 crore in the corresponding quarter of the previous fiscal year.

(With inputs from agencies.)