Mumbai, Jan 11: Ola has posted Rs 2,800 crore revenue in the fiscal year 2022-23, while managing to cut its losses by almost 50 per cent.
ANI Technologies, Ola’s parent company, registered 42 percent growth in revenue to Rs 2,799 crore in FY23, compared to Rs 1,970 crore in FY22, as per the audited financial results available on Ola’s website.
The company cut down its losses by about 50 percent to Rs 772 crore in FY23 against Rs 1,522 crore in FY22.
Ola Money registered Rs 85.5 crore in revenue with a loss of Rs 54.6 crore.
The cab leasing firm Ola Fleet Technologies’ revenue was Rs 189.9 crore with Rs 387.6 crore loss in FY23.
In FY22, Ola’s consolidated operating revenue went up to Rs 1,970 crore from Rs 983.2 crore from the year before, showing a sharp recovery from the pandemic that had disrupted the mobility business globally.