Loss More Than Doubles YoY To INR 870 Cr

EV maker Ola Electric’s consolidated net loss skyrocketed 109% to INR 870 Cr in Q4 FY25 from INR 416 Cr in the year-ago quarter. On a quarter-on-quarter (QoQ) basis, the company’s loss increased 54% from INR 564 Cr. 

The hefty loss for the EV maker came on the back of a sharp decline in its top line. The company’s operating revenue crashed 62% to INR 611 Cr from INR 1,598 Cr in the same quarter last year. Sequentially, this marked a 42% decline from INR 1,045 Cr.

Including other income of INR 117 Cr, the company’s total revenue for…