Ola Electric reports wider losses while Mahindra sees profit growth in Q3 earnings

economictimes.indiatimes.com

Ola Electric Mobility's loss for the quarter ending December 31, 2024, increased to Rs 564 crore, up from Rs 376 crore a year earlier. Revenue fell 19% to Rs 1,045 crore. Mahindra & Mahindra reported a 19% rise in net profit to Rs 2,964 crore, with revenue up 20% to Rs 30,538 crore. ITC's net profit declined 7% to Rs 4,935 crore, despite an 8% revenue increase to Rs 20,350 crore. Swiggy's losses widened to Rs 799 crore, while revenue grew 31% to Rs 3,993 crore. Titan's net profit dipped slightly to Rs 1,047 crore, with total income rising 25% to Rs 17,723 crore.


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