Bengaluru, Feb. 7 -- Ola Electric Mobility reported a net loss of Rs 564 crore for the third quarter of FY25, widening from Rs 376 crore in the same period last year, Mint reported.

The company had posted a net loss of Rs 495 crore in the preceding quarter ending September 2024.

Revenue from operations declined 19.36% year-on-year to Rs 1,045 crore from Rs 1,296 crore. At the operational level, EBITDA loss widened to Rs 460 crore from Rs 301 crore in the corresponding quarter of the previous fiscal.

Despite a 14% quarter-on-quarter revenue decline to Rs 1,075 crore due to competitive pressures and festive discounts, Ola Electric's automotive gross margin improved by 20 basis points to 20.8%.

The company attributed this resilience to a...