Ola
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Ola Electric’s Q3 Loss Expands to ₹564 Crore, Revenue Falls 19% Amid Stock Decline
Ola Electric reported a net loss of Rs 495 crore for the quarter ending September 2024.
Ola Electric's Net Loss Jumps 43% in Q2, Revenue Drops 26%
The electric two-wheeler company's revenue also slid 26.1 per cent to Rs 1,214 crore, on-quarter, from Rs 1,644 crore in the first quarter of this fiscal.
Ola Electric Faces ₹347 Crore Loss for April-June Quarter Despite 32% Revenue Growth
On Wednesday, Ola Electric's shares rose 2.6% to close at ₹111 apiece.
SEBI Approves Ola Electric's Rs 5,500 Crore IPO
The IPO would have a fresh issue of ₹ 5,500 crore and an offer for sale of 9.51 crore equity shares. The draft red herring prospectus stated that Bhavish Aggarwal would sell 4.7 crore equity shares through OFS. Representative image Indus Trust, a promoter group, will offload 41.78 lakh shares.
CFO of Ola Cabs, Karthik Gupta, Resigns Just 7 Months After CEO's Departure
Gupta's resignation comes close on the heels of the company's CEO, Hemant Bakshi, who resigned two weeks ago.
Hemant Bakshi Resigns as Ola Cabs CEO, Company Announces Workforce Reduction
This is informed by his need to venture into opportunities that could extend beyond the company's confines. It sets the stage for Ola in a period of restructuring that will seek to tighten profitability even as it prepares the company for future growth.
Ola's Indian Mobility Business Records Impressive Rs 250 Crore Profit in FY23
Ola introduced the Prime+ service, offering premium services with better partners, an enhanced in-ride experience, faster allocation, and no cancellations. The service has garnered over 16,000 partners across seven cities, with 1.9 million riders availing the Prime+ service.
Ola Slashes Losses by Almost 50% in FY23, Achieves Impressive Revenue of Rs 2,800 Crores
One of the noteworthy achievements is the substantial reduction in losses by almost 50%, with Ola managing to cut down its losses to Rs 772 crore in FY23, a considerable improvement from Rs 1,522 crore in FY22.
Ola Electric Sets New Record with Highest Monthly Registrations in December 2023, Exceeds 30K Milestone
The company demonstrated robust year-on-year growth, posting a remarkable 74% increase compared to December 2022. Additionally, Ola Electric exhibited a quarter-on-quarter growth of 48%,
Ola Electric Records Surge in Net Loss to Rs 1,472 Crore in FY23 Amid Expanding Expenses
The electric vehicle company, on the cusp of its IPO launch, reported an EBITDA loss of Rs 1,318 crore, with total expenses soaring to Rs 3,383 crore, a stark contrast to the Rs 1,240 crore recorded in FY22.
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