New Delhi, May 29 -- Electric vehicle (EV) manufacturer Ola Electric on Thursday, May 29, informed that its consolidated net loss for the January-March (Q4) quarter of the financial year 2024-25 more than doubled to Rs.870 crore amid a sharp decline in topline. The net loss in the corresponding quarter last year stood at Rs.416 crore.

The revenue from operations tumbled 62% year-on-year (YoY) to Rs.611 crore during the quarter under review. In the January-March 2024 quarter, the company's revenue stood at Rs.1,508 crore.

More to come.

Published by HT Digital Content Services with permission from MINT....