Ola Electric Mobility Ltd reported a consolidated net loss of ₹418 crore for the September quarter (Q2 FY26), narrowing from a ₹495 crore loss in the same period last year. The company managed to reduce its losses even though its revenue from operations fell 43% year-on-year (YoY) to ₹690 crore, compared to ₹1,214 crore in Q2 FY25.

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Operating EBITDA Loss Improves Outlook

The results indicate that while sales were weaker during the quarter, cost efficiency improvements helped limit the overall loss.

Operating EBITDA Loss Improves

Ola Electric’s operating EBITDA loss improved to ₹203 crore in Q2 FY26, down from ₹379 crore a year earlier. This reflects better operational discipline and cost control, despite the significant drop in revenue.

Stock Reaction

Following the announcement of the results, Ola Electric’s stock declined 1.3% in early trading on November 6, quoted at ₹49.4 per share on the NSE at around 10:30 am.

Summary of Key Financials

Metric	Q2 FY26	Q2 FY25	YoY Change
Net Loss	₹418 crore	₹495 crore	Narrowed
Revenue from Operations	₹690 crore	₹1,214 crore	↓ 43%
Operating EBITDA Loss	₹203 crore	₹379 crore	Improved

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Outlook

The company’s second-quarter results highlight improved cost management and narrower losses, even as revenue faced a sharp decline. Investors, however, reacted cautiously to the mixed performance.

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ByRuchika Dave

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Ruchika Dave is an experienced Intraday Trader and Stock Market Analyst with a strong focus on IPOs, business news, and the Indian economy. As a Marketing Head by profession, she combines strategic expertise with deep market knowledge to deliver accurate and insightful financial analysis trusted by readers and investors alike.