Ola Electric Q2: Loss Narrows 15% To INR 418 Cr, Auto Segment Turns EBITDA Positive

EV maker Ola Electric managed to trim its consolidated net loss by over 15% to INR 418 Cr in the second quarter of the ongoing fiscal year (Q2 FY26) from INR 495 Cr in the same quarter last year on the back of improvement in margins. Sequentially, loss declined 2.3% from INR 428 Cr.

Meanwhile, the company’s revenue from operations declined 43% YoY to INR 690 Cr during the quarter under review from INR 1,214 Cr in the second quarter of FY25. Sequentially, it declined 16.7% from INR 828 Cr.

In line with the decline in revenue, Ola Electric saw its total expenses fall nearly 44% to INR 893 Cr in Q2 FY26 from INR 1,593 Cr a year ago.

The company said its automotive segment turned EBITDA positive during the quarter, posting EBITDA of INR 2 Cr as against EBITDA loss of INR 162 Cr a year ago.

(The story will be updated soon)

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