Ola Electric Q2 Results: Revenue plunges 43% on sliding sales, loss narrows

Ola Electric Q2 Results FY26: Consolidated net loss stood at ₹418 crore in Q2 FY26 on revenue that fell 43.16% year-on-year to ₹690 crore.

Updated on: Nov 6, 2025, 12:53:36 IST

By Tushar Deep Singh

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Ola Electric Mobility Ltd. narrowed its losses in July-September 2025 even as revenue plunged 43%, amid fewer takers for electric two-wheelers.

Ola Electric founder Bhavish Aggarwal. (Reuters)

Consolidated net loss of the Bengaluru-based EV maker stood at ₹418 crore in the three months ended 30 September 2025, as against ₹495 crore loss in Q2 FY25, on revenue that fell 43.16% year-on-year to ₹690 crore, according to an exchange filing on Thursday.

Ola Electric Q2 Results FY26 (Consolidated, YoY)

Revenue down 43.16% at ₹690 crore
EBITDA loss of ₹203 crore vs – ₹379 crore
Net loss at ₹418 crore vs – ₹495 crore

Accounting for the automotive business only, revenue from operations fell 43.32% year-on-year to ₹688 crore, even as EBITDA turned positive at ₹2 crore versus EBITDA loss of ₹162 crore in Q2 FY25. Gross margin—which is the difference between ‘revenue from operations’ and ‘costs of goods sold’—fell 6.22% year-on-year to ₹211 crore.

The quarterly performance came on the back of two-wheeler sales that fell 46.59% year-on-year to 52,666 units in Q2 FY26. Separately, the company produced 38,080 cells during July-September.

ABOUT THE AUTHOR
Tushar Deep Singh
Tushar Deep Singh is a business journalist and digital editorial leader with 12 years of experience in financial journalism. Currently Assistant Editor at Hindustan Times, he is building the HT Business vertical and managing the newsletters for both Livemint and HT. When not in the newsroom, he can be found on a motorcycle. Throughout his career, Tushar has been instrumental in scaling digital publishing operations at some of India’s largest financial news websites. His six-year tenure at Mint—the first job—saw him plunge into online media to deliver record-breaking digital engagement for Livemint.com, including 7.2 million page views on 2017 UP Election Results day. He held fort at Livemint during a senior-level leadership transition later that year. That won him the HT Media Star Award (Bronze) in 2017 and a Certificate of Appreciation for Editorial Excellence in 2018. As the head of the digital desk at ETtech, he curated two daily, full-stack newsletters from an editorial as well as product perspective. At NDTV Profit, he transitioned from website editor to principal correspondent, reporting on the auto sector for the TV channel and website, thereby adding yet another layer to his editorial expertise. He is a post-graduate in journalism from Xavier Institute of Communications, Mumbai, and a graduate from St. Xavier's College, Ahmedabad.Read More

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