Ola Electric Mobility Share Price Falls Nearly 3% Post Q2 FY27 Earnings Results: Total Income Down 40.7% YoY

Written by: Team Angel OneUpdated on: 13 Nov 2026, 4:52 pm IST

Ola Electric Mobility Limited reports a 13.4% YoY drop in Q2 net loss to ₹362 crore, while total income falls 40.7% YoY to ₹448 crore.

Ola Electric Mobility Limited approved its unaudited standalone and consolidated financial results for the quarter and 6 months ended September 30, 2026, on November 12, 2026, as per the exchange filings.

The company recorded a 40.7% year on year decline in quarterly total income to ₹448 crore, while its quarterly net loss narrowed by 13.4% year on year to ₹362 crore.

Ola Electric Mobility Q2 FY27 and Half Year Financial Performance

For the quarter ended September 30, 2026, consolidated revenue from operations stood at ₹421 crore, and total income reached ₹448 crore compared to ₹756 crore a year earlier and ₹484 crore in the June 2026 quarter.

Quarterly net loss narrowed 13.4% year on year from ₹418 crore but widened 7.7% sequentially from ₹336 crore, with total expenses at ₹639 crore. The automotive segment generated ₹420 crore in quarterly revenue, while the cell segment recorded ₹3 crore.

For the half year ended September 30, 2026, total income fell 43.6% year on year to ₹932 crore, while net loss narrowed 17.5% to ₹698 crore.

Balance Sheet, Cash Flows, and Capital Raising

As of September 30, 2026, consolidated total assets stood at ₹7,246 crore, comprising ₹5,051 crore in non current assets and ₹2,195 crore in current assets, alongside ₹3,428 crore in equity and ₹3,818 crore in liabilities.

Half year operating cash outflows totalled ₹403 crore, investing inflows reached ₹234 crore, financing inflows stood at ₹204 crore, and closing cash was ₹123 crore.

Management noted a post quarter rights issue of roughly ₹1,000 crore, with ₹600 crore received as application money, while ₹5,139 crore out of ₹5,275 crore in net initial public offering proceeds was utilised by September 30, 2026.

Regulatory Matters and Accounting Revisions

Ola Electric Mobility Limited filed a settlement application with the Securities and Exchange Board of India in June 2026 regarding an April 2025 show cause notice over store and sales disclosures.

The Ministry of Heavy Industries granted OCTPL a conditional waiver of liquidated damages under the advanced chemistry cell production linked incentive scheme, backed by a ₹125 crore bank guarantee. Revising the useful lives of assets reduced half year depreciation by ₹62 crore.

As of November 13, 2026, at 10:34 AM, Ola Electric Mobility share price on NSE was trading at ₹34.68, down by 2.97% from the previous closing price.

Conclusion

For the quarter ended September 30, 2026, Ola Electric Mobility Limited reported ₹448 crore in total income, down 40.7% year on year, and a ₹362 crore net loss, down 13.4% year on year, with ₹7,246 crore in assets.

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Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Nov 13, 2026, 11:22 AM IST

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