Ola Electric Q2 Results: Loss narrows YoY to Rs 362 crore, revenue falls 39%

Ola Electric Mobility on Thursday reported a narrowing of its consolidated net loss to Rs 362 crore for the September quarter, compared with a loss of Rs 418 crore in the corresponding quarter last year, even as revenue declined sharply.

The electric two-wheeler maker's revenue from operations fell 39% year-on-year (YoY) to Rs 421 crore from Rs 690 crore in the year-ago quarter.

More to come...