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(14/07/2025 12:00)

Ola Electric Mobilit posts Q1 net loss of Rs 11.00 cr

The company reported standalone net loss during the quarter stood at Rs 11.00 crore as compared to net loss of Rs 6.00 crore in the previous year quarter.

Net revenue of the company declined by 0.00 per cent at Rs 1.00 crore in April-June quarter of this fiscal as against Rs 1.00 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 14.29 per cent to Rs 16.00 crore from Rs 14.00 crore in year ago period.

Other Income grew by 3.70 per cent at Rs 28.00 crore versus (Jun'24 Rs 27.00 crore).

Operating Profit surged by 15.38 per cent to Rs -15.00 crore as against Rs -13.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.38 per cent in June quarter.

Interest grew by 21.05 per cent y-o-y to Rs 23.00 crore