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.
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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