Ola Electric Q1 Results: The electric two-wheeler manufacturer Ola Electric on Monday, July 14, posted a wider consolidated net loss for the first quarter of the financial year 2025-26 (Q1 FY26) to ₹428 crore. The Bhavish Aggarwal-led company had posted a net loss of ₹347 crore in the same period a year ago.
However, on a quarter-on-quarter (QoQ) basis, the loss narrowed from ₹870 crore posted at the end of the March quarter of FY25.
The consolidated revenue from operations plunged 49.6% year-on-year (YoY) to ₹828 crore during the June quarter, as its sales took a beating from heavy competition. Ola has reported a revenue of ₹1,644 crore in the same period last fiscal year.
On the operating level, the EBITDA loss for Ola Electric in Q1 FY26 stood at ₹237 crore, higher than ₹205 crore posted in Q1 FY25. The margins came in at -28.6% compared with -12.5%.
(This is a developing story.)
