New Delhi/Bengaluru, Dec. 4 -- Ola Electric Mobility Ltd's accounting approach to club about 12% of total costs as unallocated expenses in the July-September quarter - about twice the year-ago level - helped it report operational profitability in its scooter and bike business.

Unallocated expenses were a fourth of the company's net loss in the September quarter, up from a fifth in the year-ago period.

Such expenses are a valid accounting practice, to be sure, and get reflected in a company's consolidated accounts.

In Ola Electric's case, unallocated expenses refer to spending that the management says could not be allocated to either of its businesses - two-wheelers and cells (electric vehicle batteries).

In the second quarter, this am...