Ahead of its Q1 results on Monday, July 14, Ola Electric shares remain under pressure, weighed down by a weak Q4 performance. The company posted a net loss of Rs 870 crore in the March quarter, over double last year’s Rs 416 crore loss. Revenue plunged 62% year-on-year to Rs 611 crore, as vehicle deliveries fell sharply to 51,375 units from 1.15 lakh.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets