Mobility

Ola

ANI Technologies, the operating entity for Ola Cabs and the holding company for the Ola group, reported FY2025 revenue of ₹924 Cr, down 47.5% from ₹1,761 Cr. Commission and convenience-fee revenue fell 44%. Two driver-side revenue lines (data charges and marketing/ad income) almost entirely disappeared. Operating profit flipped from +₹169 Cr to -₹367 Cr. Net loss expanded to ₹698 Cr. The auditor flagged 'cash losses of ₹269 Cr before exceptional items, the first such year in recent history'. The balance sheet took a bigger hit separately: ANI's stake in Ola Electric (now listed) marked down from ₹2,126 Cr to ₹847 Cr through Other Comprehensive Income, a ₹1,279 Cr non-P&L loss.

Uber India

Uber India Systems Pvt Ltd reported FY2025 net loss of ₹1,512 Cr, up 17x from ₹89 Cr. The standalone segment table tells most of the story: Rides revenue collapsed 89% from ₹807 Cr to ₹88 Cr while the Rides cost base barely moved, producing a ₹1,407 Cr Rides-segment loss. Support-services revenue (cost-plus to Uber B.V. Netherlands) grew 25% to ₹3,664 Cr. The auditor flagged 'principal versus agent considerations for revenue recognition' as a critical estimate. A ₹359 Cr deferred tax write-off doubled the headline loss.

Rapido

Rapido's FY2025 filing shows revenue of ₹909.71 Cr, up 40% from FY2024, and a loss of ₹240.17 Cr, down from ₹675 Cr two years ago. Revenue doubled while losses were cut by nearly two-thirds. Zero long-term debt. The trajectory is among the cleaner improvement stories in Indian mobility for FY2025.