Ola Electric Mobility Ltd., India’s largest electric two-wheeler manufacturer, has reported a significant widening of its losses for the third quarter of the fiscal year 2025. The company’s financial performance took a hit as sales declined, leading to a sharp drop in revenue and an even greater EBITDA loss.

Ola Electric Mobility’s net loss increased to Rs 564 crore in Q3, up from Rs 376 crore last year, with revenue falling 19% to Rs 1,045 crore. The company attributed the losses to one-time service and warranty costs and plans to improve profitability through gross margin improvements,

Shares of Ola Electric Mobility Ltd on Friday dropped nearly 3 per cent after the firm reported a widening of consolidated net loss at Rs 564 crore in the December quarter