Ola Electric Share Price Drops 3% as Revenues Fall 43% but Losses Narrow in Q2 FY26

Ola Electric Mobility Ltd witnessed a mixed second quarter for FY26, marked by significant revenue contraction but improving profitability. 

The company’s ongoing efforts to streamline operations and reduce expenses helped narrow losses despite a sharp fall in vehicle deliveries.

Ola Electric Q2 FY26 Earnings Performance

Ola Electric reported a net loss of ₹418 crore for the quarter ended 30 September 2025, compared with a loss of ₹495 crore in the same period last year.

Operating revenue dropped 43% year-on-year (YoY) to ₹690 crore, down from ₹1,213 crore, largely due to lower sales of its electric two-wheelers. The company attributed the fall in revenue to weaker demand in its premium segment.

Ola Electric Operational Metrics and Cost Management

Total expenses declined to ₹893 crore from ₹1,593 crore a year earlier, supported by broad-based cost optimisation.

• Employee costs reduced to ₹55 crore from ₹139 crore.
• Input costs for scooter manufacturing fell sharply to ₹514 crore, roughly half of last year’s figure.

The company highlighted that its automotive business achieved positive EBITDA during the quarter, indicating progress toward operational efficiency despite lower sales volumes.

Ola Electric Sales Volume Decline

Ola Electric delivered 52,666 scooters during the quarter, compared with 98,619 in the same period last year. The decline was most visible in the premium scooter segment, where deliveries fell to 13,418 units from 42,074 in Q2 FY25.

The company continues to focus on expanding its production capacity and refining its product range to align with evolving consumer preferences in India’s competitive electric mobility market.

Ola Electric Share Price Performance

Ola Electric’s share price was trading at ₹45.99, marking a decline of 1.58 points or 3.32%. The stock opened at ₹47.39 and touched an intraday high of ₹47.39, before slipping to a low of ₹45.62. 

Read More: Ola Electric Begins Deliveries Of S1 Pro+ With 4680 Bharat Cell.

Conclusion

Ola Electric’s second-quarter results reflect a period of transition marked by falling revenues but improving cost discipline. While lower deliveries and subdued demand weighed on the top line, the company’s focus on efficiency and operational control helped reduce losses. 

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