Ola Electric Faces ₹347 Crore Loss Post-IPO | Paisa Live

Following approval at Ola Electric’s board meeting, the company has released its financial results. According to regulatory filings, Ola Electric achieved an operational revenue of ₹1,644 crore, marking a 32% increase from ₹1,243 crore in the same quarter last year. This revenue also shows growth from the ₹1,598 crore reported in the fourth quarter of the previous financial year. Despite this impressive revenue growth, Ola Electric has encountered significant financial losses, revealing ongoing challenges within the company. These results underscore the contrast between the company’s revenue achievements and its financial difficulties, highlighting the broader issues affecting its overall financial health. To know the full story watch the video till the end.