Ola Electric announced on Wednesday that its fourth-quarter loss was smaller as the electric scooter maker focused on cost-cutting amid growing competition in India’s fast-growing electric two-wheeler sector.
The EV company disclosed its Q4 results just a few minutes before market close, shares of Ola Electric Mobility ended nearly 1% higher at ₹36.94 apiece on the BSE.
Key takeaways from Ola Electric’s Q4 Results
Net loss narrows sharply
Pure-play electric two-wheeler manufacturer Ola Electric Mobility reported a consolidated net loss of ₹500 crore for the March quarter, narrowing 42.5% from ₹870 crore in the corresponding quarter last year. The loss attributable to the owners of the company declined amid continued cost-rationalisation efforts.
Revenue falls
Revenue from operations stood at ₹265 crore in Q4FY26, down 57% year-on-year from ₹611 crore reported in the same period of the previous financial year.
EBITDA loss improves
The company posted an EBITDA loss of ₹281 crore during the quarter under review, compared with a loss of ₹630 crore in Q4FY25, reflecting operational improvements and tighter cost controls.
Gross margin expands
Consolidated gross margin improved significantly to 38.5% in Q4FY26, compared with 34.3% in Q3FY26 and 13.7% in Q4FY25.
