Ola Cabs Faces Financial Turbulence: Losses Surge as Revenue Plummets in FY25
Financial Performance Takes a Sharp Downturn Ola Cabs, the ride-hailing giant operated by ANI Technologies, reported a significant widening of its losses to ₹662.4 crore for the fiscal year 2025. This financial setback coincides with a dramatic 42% decline in consolidated revenue, which fell to ₹1,170.9 crore from the ₹2,011.9 crore recorded in FY24. Contextualizing…