Ola Cabs reports increased losses of ₹662.4 crore for FY25.

Ride-hailing company Ani Technologies, widely recognized as Ola Cabs, has reported an increased consolidated loss of ₹662.4 crore in FY25, primarily attributed to a drop in revenue, as indicated by the company’s regulatory filing shared by market intelligence firm Tofler on Friday.

In the previous financial year 2023-24, the company reported a loss of ₹328.7 crore.

Ola Cabs’ consolidated revenue fell approximately 42% to ₹1,170.9 crore in FY25, down from ₹2,011.9 crore in FY24.
An email request for comments from Ola did not receive an immediate reply.

The company’s revenue from service sales decreased by around 38% to ₹1,147.9 crore, dropping from ₹1,854.4 crore year-over-year. Product sales diminished by nearly two-thirds, falling to ₹90 lakh in FY25 from ₹2.8 crore in FY24.

Employee expenses for the company were slashed by over a third, totaling ₹205.2 crore in FY25 compared to ₹333.8 crore in the same period last year.

According to Tofler’s analysis, the company’s net worth has nearly halved to ₹2,025.3 crore in FY25 from ₹3,991.27 crore in FY24.

On a standalone basis, Ola Cabs’ loss expanded to ₹697.6 crore in FY25 from ₹504.8 crore in FY24.

”Ani Technologies Private Limited, known as Ola Cabs, reported its standalone revenues for the financial year 2024-25 as ₹1,060 crore, reflecting a 44% decline from the previous fiscal year.

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”The company also disclosed a net loss of ₹698 crore during the same fiscal year, marking a 38% increase from the last financial year,”

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