Ola Electric Q2 Results 2025: Revenue Dips, Loss Narrows

Market Performance

Ola Electric Mobility shares opened lower on the BSE on Q2FY26 results day, reflecting the market’s reaction to its latest quarterly numbers.The stock hit the 5% lower circuit, trading at ₹47.56.

• One-month performance: -10%
• Three-month performance: +18%
• Year-to-date decline: -45%
• Past one-year drop: -36%

Despite short-term volatility, the market remains attentive to the EV maker’s operational adjustments and strategic focus on margin control.

Main News: Q2FY26 Results

Ola Electric posted a net loss of ₹418 crore in Q2FY26, improving from a ₹495 crore loss in the same quarter last year. Revenue from operations saw a sharp YoY decline of 43%, falling to ₹690 crore from ₹1,214 crore in Q2FY25.

At the operational level:

• EBITDA loss narrowed to ₹203 crore, compared to ₹379 crore a year ago.
• Revenue contraction highlights pressures in demand, competitive intensity, and market dynamics in the EV two-wheeler space.

The company’s emphasis on cost control and operational efficiency helped shrink losses, reflecting stronger management of its operations.

Company Updates & Outlook

For the full year FY26, Ola Electric has revised its guidance:

• Consolidated revenue now expected at ₹3,000–3,200 crore (down from earlier guidance of ₹4,200–4,700 crore).
• Auto segment margin anticipated around 5%, slightly lower than previous estimates.

The company plans to deliver approximately 100,000 units in H2FY26, reflecting a shift toward margin discipline amid a hyper-competitive market.

Summary of the Quarter

• Q2FY26 net loss: ₹418 crore (vs ₹495 crore YoY)
• Revenue: ₹690 crore (down 43% YoY)
• EBITDA loss: ₹203 crore (improved from ₹379 crore YoY)
• Full-year revenue guidance: ₹3,000–3,200 crore
• Auto segment margin: ~5%

While the narrowing losses indicate stronger cost management, the steep decline in revenue points to challenges in market execution and demand. Investors and stakeholders will now track the company’s efforts to stabilize growth, scale operations, and enhance margins in upcoming quarters.