Ola Electric Mobility Ltd. $OLAELEC.NS recorded its sharpest intraday selloff since April 7, as quarterly results highlighted deepening losses and a sharp revenue contraction. The company reported a net loss of 8.7 billion INR (approximately 102 million USD) for the quarter ending March 31. This figure represents more than a twofold increase compared to last year's 4.16 billion INR loss. Concurrently, revenue dropped 62% year-on-year to 6.11 billion INR, indicating persistent headwinds in market demand and operational efficiency.