Revenue of Ola Electric Mobility Ltd. more than halved in October-December 2025 as its electric two-wheeler sales declined over 60% during the most lucrative quarter for India’s automotive industry.
Net loss of the beleaguered EV maker led by Bhavish Aggarwal narrowed to ₹487 crore in Q3 FY26 as against ₹564 crore in the year-ago period, but widened on a quarter-on-quarter basis from ₹418 crore in Q2 FY26, acccording to an exchange filing on Friday (13 February 2026).
Ola Electric Q3 Results FY26 (Consolidated, YoY)
- Revenue down 55.02% at ₹470 crore vs ₹1,045 crore in Q3 FY25
- EBITDA loss at ₹271 crore vs – ₹460 crore in in Q3 FY25
- Net loss at ₹418 crore vs – ₹564 crore in Q3 FY25
“Q3 FY26 marks a structural reset for Ola Electric,” Aggarwal said in a letter to shareholders. “We chose to fix the fundamentals by restoring service execution, resetting our cost structure, and deepening vertical integration. The result is a leaner operating model with materially lower breakeven and industry-leading gross margins.”
According to Ola Electric,
- Consolidated gross margin up 15.7% points YoY at 34.3%.
- EBITDA breakeven reset to approx. 15,000 units/month.
On Friday, Ola Electric shares fell 0.26% to ₹30.90 apiece on the BSE even as the benchmark Sensex ended the day 1.25% lower at 82,626.76 points. The quarterly results were declared after market hours.
