Ola Electric reported a significant reduction in net losses by 5.5% for the second quarter of FY25, attributed to a substantial increase in revenue. The electric vehicle company's revenue rose by 38.5% to Rs 1,240 crore for the September quarter (Q2FY25), up from Rs 896 crore in the same period last year. The net loss for the quarter stood at ₹495 crore, down from ₹524 crore in the previous year. Additionally, the company's EBITDA loss improved to ₹349 crore from ₹435 crore last year. Ola Electric's market valuation saw a decline, with shares slipping 3% to an intraday low of Rs 70.54 per share, a 7.1% drop from its IPO issue price of Rs 76.