Ola Electric revenue falls 39% as margins worsen
In short
Ola Electric reported a 39% drop in revenue to ₹421 crore in the September quarter. Adjusted Ebitda margin worsened to -58.5%, while the company’s loss narrowed to ₹362 crore.
The numbers show the company is still under pressure from weak revenue and poor unit economics, even though losses were lower.
What the reporting says
Ola Electric's revenue fell 39% year on year to ₹421 crore in the September quarter, while adjusted Ebitda margins worsened to -58.5%. The company also reported a narrower loss of ₹362 crore. The figures point to weaker sales and poor unit economics, even as losses reduced in the quarter.
Why it matters
Ola Electric reported September-quarter revenue of ₹421 crore, down 39% year on year, while adjusted Ebitda margin fell to -58.5%. The company also said its loss narrowed to ₹362 crore. For investors and the electric vehicle business, the update signals continued pressure on sales and profitability, even with a smaller loss than before.