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via livemint.comBusiness & Companies

Ola Electric struggles with falling revenue and worsening unit economics

FROM THE WIRE · LIVEMINT.COM

Ola Electric's revenue falls 39% year-on-year to ₹421 crore in the September quarter, while adjusted Ebitda margins worsened to -58.5%, despite a narrowing of losses to ₹362 crore.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishWeak results at an Indian EV maker, relevant for the EV sector sentiment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Revenue fell 39% year-on-year to 421 crore rupees in the September quarter.
  2. 02Adjusted Ebitda margin worsened to -58.5%.
  3. 03The loss narrowed to 362 crore rupees.

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