Ola registers strong revenue growth of 510% in FY 23

Hyderabad: Ola Electric Mobility Business on Monday announced that it has registered strong revenue growth of 510 per cent in FY’23.

The total revenue has gone up to INR 2,782 crore in FY 2023 from INR 456 crore in FY 2022, the company said in a release.

Total revenue includes revenue from operations and other income.

The Company’s’ EBITDA profit/(loss) for FY 23 has improved from (157%) in FY 22 to (43%) in FY 23.

UNI

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