NEW DELHI: ANI Technologies which runs Ola has reported losses of Rs 1,522 crore on a consolidated basis for the year ended March 31, 2022, recording a 36% year-on-year rise in losses. The ride-hailing major had posted losses of Rs 1,116 crore in FY21, the company’s financials sourced from market intelligence platform Tofler showed.
Even as the ride hailing major’s business recovered from the pandemic led disruption—reflected in its revenue from operations which widened to Rs 1,970 crore in FY22 from Rs 983 crore in FY21, the firm’s expenses increased by nearly 68% y-o-y to touch Rs 3,362 crore.
