Ola Consumer achieves profitability in mobility, financial Services, EBITDA jumps to Rs 271 crore in FY24

Ola Consumer achieves profitability in mobility, financial Services, EBITDA jumps to Rs 271 crore in FY24

Company’s operating profit more than triples; Ola launches premium cab services, digital payments, and expands ONDC offerings

Ola ride-hailing biz falls 11% in FY24, turns EBITDA profitable

Ola recorded a 5.5% year-on-year decline in revenue for the fiscal year ending March 2024, indicating no growth during the period. Despite the revenue drop, the firm managed to turn EBITDA profitable, driven by cost reductions in employee benefits and communication costs. Ola’s revenue from operations declined 5.5% to Rs 2,012 crore in FY24 from Rs 2,128 crore in FY23, its consolidated financial statements sourced from the Registrar of Companies…

Bhavish-LED Ola Consumer Clocks 21% Decline in Revenue in FY24 | Auto News – Report Wire

New delhi: Bhavish Aggarwal-Run Ola Consumer, Which Runs the Cab-Hilling Service, On Thuesday Reported 21 per cent decline in its consolidated revealed revnedu from operations and other Income for the Last Fiscal The company’s consolidated revenue from operations and other income decreased by 21.06 per cent to Rs 2,368 Crore as compared to Rs 3,000 Crore in FY 23. Meanwhile, Its Parent Company Ani Technologies’ Standalone Revenue Stood at Rs 1,9…

Ola Consumer enhances profitability; full year EBITDA grows to ₹ 271 Cr

Bengaluru, 13 February 2025: Ola Consumer today announced its financial results for the financial year ended March 2024. The Company has made strong and steady progress during FY 24 building one of India’s largest consumer [...] The post Ola Consumer enhances profitability; full year EBITDA grows to ₹ 271 Cr appeared first on Business News This Week.