Ola Consumer turns Ebitda profitable; revenue declines 21% in FY24

Ola Consumer, which is preparing for an initial public offering (IPO), reported a decline in its revenue from operations and other income for the financial year ending March 2024. The total stood at Rs 2,368 crore across its ride-hailing, financial services, and logistics segments, compared to Rs 3,000 crore in FY23.