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