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Ola Electric's Q1 revenue drops 45% YoY but loss narrows to Rs 336 crore
Ola Electric faced a significant downturn in its June quarter operations, reporting a steep forty-five percent decline in revenue compared to last year. The company earned four hundred fifty-five crore rupees in the first quarter, with vehicle registrations also dropping as compared to the previous year. Despite this, Ola's net loss displayed a slight improvement, narrowing by about twenty-one point five percent year-on-year, with overall unit deliveries also decreasing.
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economictimes.indiatimes.com
Ola Electric shares jump 31% in 6 months. Should you buy, sell or hold?
Ola Electric shares have rebounded sharply from March lows, supported by improving sentiment, strong sales, and a BESS partnership. Analysts remain cautious, citing execution,…
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Ola Electric Q1 Results: Loss narrows to Rs 336 crore; revenue falls 45% YoY
Ola Electric reported a narrower Q1 loss of Rs 336 crore as deliveries nearly doubled sequentially and revenue rebounded 72% from Q4. Improved market share, lower operating costs…
