Ola Electric Q3: Net Loss Jumps to ₹487 Cr, Revenue Down 55%; Shares in Focus

• Ola Electric Mobility reported a net loss of ₹487 crore in Q3, a 16.5% increase quarter-on-quarter.
• Revenue for the December quarter fell 55% year-on-year to ₹470 crore, and 31.9% quarter-on-quarter.
• Gross margin improved to 34.3% from 30.9% in the previous quarter, and 18.6% year-on-year.
• Deliveries sharply declined by 38% quarter-on-quarter to 32,680 units, and 61% year-on-year.
• Shares closed down 0.16% at ₹30.09 on Friday; will be in focus after Q3 results.