Ola Cabs FY25 loss widens as consolidated revenue falls, filing data shows

Ani Technologies, known as Ola Cabs, reported a sharper consolidated loss in FY25. The loss widened to Rs 662.4 crore, as revenue fell during the year. The figures came from a regulatory filing that market intelligence firm Tofler shared on Friday.

Representative image

The consolidated loss in FY24 stood at Rs 328.7 crore. Consolidated revenue dropped about 42 per cent to Rs 1,170.9 crore in FY25. Revenue was Rs 2,011.9 crore in FY24. An email request for comment from Ola did not get an immediate reply.

Ola Cabs revenue fall in FY25

Ola Cabs reported lower income from both services and products in FY25. Revenue from sale of services slipped about 38 per cent to Rs 1,147.9 crore. The services figure was Rs 1,854.4 crore in FY24. Product sales fell by about two-thirds to Rs 90 lakh in FY25, from Rs 2.8 crore.

The company also reduced spending on staff during FY25. Employee expenses declined by more than a third to Rs 205.2 crore. This cost was Rs 333.8 crore in the year-ago period. The filing pointed to cost cuts even as revenue weakened.

Ola Cabs net worth and standalone results

Tofler’s analysis said Ola Cabs saw a drop in net worth in FY25. Net worth almost halved to Rs 2,025.3 crore. It was Rs 3,991.27 crore in FY24. The change reflected weaker financial performance during the year.

On a standalone basis, losses also increased in FY25. Ola Cabs posted a standalone loss of Rs 697.6 crore in FY25. The standalone loss was Rs 504.8 crore in FY24. Standalone revenues were reported at Rs 1,060 cr for FY25, a 44 per cent fall.

Tofler said the company’s standalone net loss came in at INR 698 crore for FY25. Tofler added that this marked a 38 per cent rise from the last financial year. The latest filing showed pressure on both revenue and profitability across reporting bases.

With inputs from PTI