Ola Electric Q2 Results: Loss Narrows, Revenue Up 39% On Higher Sales

Ola Electric Mobility Ltd. continued on its march towards profitability in the July–September quarter despite a broken after-sales experience.

Net loss of India's largest electric two-wheeler maker narrowed to Rs 495 crore as against Rs 524 crore in the year-ago period. Revenue rose 39% to Rs 1,214 crore, according to an exchange filing on Friday.

• Revenue up 39% to Rs 1,214 crore

• Ebitda loss at Rs 379 crore versus Rs 435 crore

• Net loss of Rs 495 crore versus Rs 524 crore

Shares of Ola Electric closed 2.47% lower at Rs 72.74 apiece on the BSE, compared to a 0.07% decline in the benchmark Sensex. The quarterly results were declared after market hours.