Results · Mobility & Logistics

Ola Consumer revenue halves, loss doubles in FY25

What they do

Ola Consumer operates ride-hailing, financial services, and logistics through 16 subsidiaries

FY25 revenue fell 42% to Rs 1,171 crore, net loss doubled to Rs 662 crore

The company turned free cash flow positive in H2 FY26 after shutting food and commerce operations

Ola Consumer reported FY25 revenue from operations of Rs 1,171 crore, down 42% from Rs 2,012 crore in FY24.
Net loss for FY25 was Rs 662 crore, more than double the Rs 329 crore loss in FY24.
Ride-hailing revenue fell 47% to Rs 925 crore.
OlaMoney revenue dropped 19% to Rs 185 crore.
Total expenditure was Rs 2,038 crore, largely flat year-on-year.
Advertisement expenses more than doubled to Rs 233 crore.
Cash and bank balances at end of March 2025 stood at Rs 653 crore, down 53% from Rs 1,395 crore a year earlier.
The company turned free cash flow positive in H2 FY26 after winding down ONDC food and commerce operations.

Ola Consumer's net loss doubled to Rs 662 crore in FY25 as revenue fell 42% to Rs 1,171 crore, while total expenditure stayed nearly flat at Rs 2,038 crore.
Combined Uber-Ola market share fell from a peak of 90% to 60-70% over the last three years.
The company spent Rs 1.74 to earn every Re 1 of operating revenue in FY25.
Accumulated losses at end of FY25 reached Rs 21,212.6 crore.

Ola Consumer operates ride-hailing, financial services (OlaMoney), and logistics through 16 subsidiaries.
Subsidiaries include Ola Fleet Technologies (EV leasing and logistics), Ola Financial Services (payments and insurance distribution), and Ola Stores (buyer finding for ONDC).
The company has shuttered car leasing and food delivery businesses in recent years.
It rolled out a zero-commission framework pan-India, replacing per-ride commissions with fixed daily or monthly driver subscriptions.
It is building higher-margin revenue streams: advertising, financial services, enterprise contracts, and subscriptions.
Ola Consumer has expanded two-wheeler ride-hailing to Tier II/III cities and is pursuing fleet electrification.