Ola Electric registers Rs 2,782 crore revenue in FY23, losses down 43%
Initial public offering (IPO)-bound Ola Electric Mobility Business said it registered strong growth as total revenue has gone up by 510 per cent to Rs2,782 crore in FY23 from Rs456 crore in FY22.
Total revenue includes revenue from operations and other income.
The earnings before interest, taxes, depreciation, and amortisation (EBITDA) profit/loss for FY23 improved from 157 per cent in FY22 to 43 per cent in FY23. However, the SoftBank-backed company didn’t reveal the loss figure.
