Mumbai/IBNS, May 21 -- The share prices of Ola Electric Mobility Ltd. on Thursday declined after it reported a consolidated loss of Rs. 500 crore in the March quarter of FY 2025-26, media reports said.

Ola Electric reported narrowed 42.5% year-on-year from Rs.870 crore in the same period last year.

However, the EV maker's revenue from operations plunged nearly 57% to Rs.265 crore, compared to Rs.611 crore a year ago, reflecting weak demand and lower vehicle deliveries.

Key Highlights

Why Losses Narrowed

The company said aggressive cost-cutting measures, lower operating expenses, and improved operational efficiency helped reduce losses despite falling sales.

Ola Electric also reported its first operating cash flow-positive quarter, s...