Ola Electric Q2 Results: Bhavish Aggarwal-Run EV Firm Posts INR 418 Crore Net Loss in Q2 FY26, Revenue Slips 43% YoY
New Delhi, November 6: Bhavish Aggarwal-run Ola Electric Mobility Ltd reported a consolidated net loss of Rs 418 crore for the July-September period (Q2 FY26), its exchange filing said on Thursday, as revenue slipped. Revenue from operations dropped 43 per cent year-on-year to Rs 690 crore in Q2 FY26, down from Rs 1,214 crore in Q2 FY25, indicating a substantial decline in sales for the quarter.
However, the electric two-wheeler maker’s operating EBITDA loss narrowed to Rs 203 crore during the quarter from Rs 379 crore a year earlier, indicating improved cost efficiency. The company’s auto segment delivered an EBITDA margin at 0.3 per cent by reducing Auto operating expense from Rs 308 crore to Rs 258 crore (on-quarter), the release said. Hyundai VENUE, Hyundai VENUE N Launched in India at Starting Price of INR 7.89 Lakh With Redesigned Exterior, Advanced Safety Systems; Know More Details Here.
After the announcements of the results, Ola Electric’s stock fell to Rs 49.4 on the NSE, down 66 paise, during intra-day trade, posting a decline of 1.32 per cent from the previous close. “For the Auto segment, we expect lower volumes than the Q1 guidance as we continue to focus on margin and cash discipline in a hyper competitive market,” the company said in its filing.
For H2 FY26, Ola Electric targets total deliveries of approximately 100,000 units. This moderation in unit volumes will be complemented by volumes from its new vertical beginning in Q4, the company added. The company recorded sales of 16,034 e-scooters in October, marking a 61 per cent decline from 41,843 units sold in the same month last year, according to data from the government’s Vahan portal. Mahindra XEV 9S World Premiere Soon: Mahindra Will Reveal 7-Seater Electric SUV at ‘Scream Electric’ Event at Bengaluru on November 27; Watch Sneak Peak.
“On a full-year basis, we now expect FY26 consolidated revenue of around Rs 3,000 – Rs 3200 crore, reflecting a balanced focus on profitability over volumes,” the company said. The auto segment will continue to improve QoQ profitability. We expect to exit Q4 with Auto gross margins around 40 per cent and segment EBITDA of around 5 per cent, it added.
(The above story first appeared on LatestLY on Nov 06, 2025 11:50 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website todaynews24.top).
