
The Arc
February 7, 2025 at 02:18 PM
🔻 *Poor Q3 numbers from Ola Electric*🔻
▪️Losses widened by 50% to Rs 564 crore
▪️Revenue fell 19% to Rs 1069 crore
EBITDA margin deteriorated to negative 40.7% from negative 19.5%. Reasons: https://bit.ly/413g5uD
The company’s shares now trade below the IPO price.