Ola Electric net loss exceeds revenue from operations in Q3 FY26

Ola Electric has managed to narrow its loss to ₹487 crore in Q3 FY26 versus ₹564 crore in Q3 FY25 but widened from ₹418 crore in Q2 FY26.

Updated on: Feb 13, 2026 6:40 PM IST

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Revenue of Ola Electric Mobility Ltd. more than halved in October-December 2025 as its electric two-wheeler sales declined over 60% during the most lucrative quarter for India's automotive industry.

Ola Electric MD Bhavish Aggarwal. (Reuters)

Net loss of the beleaguered EV maker led by Bhavish Aggarwal narrowed to ₹487 crore in Q3 FY26 as against ₹564 crore in the year-ago period, but widened on a quarter-on-quarter basis from ₹418 crore in Q2 FY26, acccording to an exchange filing on Friday (13 February 2026).

Ola Electric Q3 Results FY26 (Consolidated, YoY)

Revenue down 55.02% at ₹470 crore vs ₹1,045 crore in Q3 FY25
EBITDA loss at ₹271 crore vs - ₹460 crore in in Q3 FY25
Net loss at ₹418 crore vs - ₹564 crore in Q3 FY25

“Q3 FY26 marks a structural reset for Ola Electric,” Aggarwal said in a letter to shareholders. “We chose to fix the fundamentals by restoring service execution, resetting our cost structure, and deepening vertical integration. The result is a leaner operating model with materially lower breakeven and industry-leading gross margins.”

According to Ola Electric,

Consolidated gross margin up 15.7% points YoY at 34.3%.
EBITDA breakeven reset to approx. 15,000 units/month.

On Friday, Ola Electric shares fell 0.26% to ₹30.90 apiece on the BSE even as the benchmark Sensex ended the day 1.25% lower at 82,626.76 points. The quarterly results were declared after market hours.

ABOUT THE AUTHOR
Tushar Deep Singh
Tushar Deep Singh is a business journalist and digital editorial leader with 12 years of experience at the intersection of India’s Automotive and IT-AI sectors. 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 pageviews 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 and AI-IT sectors 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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