India, Feb. 7 -- Shares of Bhavish Aggarwal-led electric vehicle maker Ola Electric dropped over 3% to INR 69.69 on the BSE after the company reported a 50% increase in its net loss to INR 564 Cr in Q3 FY25 from INR 376 Cr in the year-ago quarter.

On a quarter-on-quarter basis, net loss surged 14% from INR 495 Cr.

At the current market price, Ola Electric's market capitalisation stood at INR 30,611 Cr.

The company's operating revenue also declined 19% to INR 1,045 Cr during the quarter under review from INR 1,296 Cr in Q3 FY24.

(The story will be updated soon)

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