Ola Unveils First Operating Profit Ahead Of Potential IPO

Indian ride-hailing company Ola, backed by Japan's Softbank Group, has notched up its first-ever operating profit since beginning opera...

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Indian ride-hailing company Ola, backed by Japan's Softbank Group, has notched up its first-ever operating profit since beginning operations a decade ago. Ola reported standalone operating profit or EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs.89.82 crore ($12 million) for the fiscal year that ended in March 2021, versus a loss of over Rs. 607 crore ($81.55 million).


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