Ola Electric Q1 Results: Cons loss widens to Rs 347 crore YoY, revenue jumps 32%

Ola Electric Mobility on Wednesday reported a consolidated net loss of Rs 347 crore for the quarter ended June 30, 2024, which was up from Rs 267 crore reported by the EV two-wheeler maker in the year-ago period.

The revenue from operations for the quarter stood at Rs 1,644 crore, which was up by 32.3% from Rs 1,243 crore reported in the corresponding quarter of the previous financial year.