OLA Electric Mobilit balance sheet is weak and might have solvency issues

The debt of OLA Electric Mobilit is decreasing.
Latest debt of OLA Electric Mobilit is -₹2,825 Crs as of Sep-24.
This is less than Mar-24 when it was -₹936.96 Crs.

No, profit is decreasing.
The profit of OLA Electric Mobilit is -₹1,782 Crs for TTM, -₹1,584.4 Crs for Mar 2024 and -₹1,472.08 Crs for Mar 2023.

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
OLA Electric Mobilit latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly productive assets like Plant & Machinery