Ola Electric reported its unaudited consolidated results for the quarter ended June 30, 2025, showing a sharp drop in revenue and a wider net loss compared to the same period last year.
Revenue from operations for Q1 FY26 stood at ₹828 crore, down 49.6% from ₹1,644 crore in Q1 FY25.
The company posted a net loss of ₹428 crore for the quarter, compared to a loss of ₹347 crore in the year-ago quarter.
Additionally, Ola Electric reported an EBITDA loss of ₹170 crore in Q1 FY26, higher than the ₹130 crore EBITDA loss recorded in the same quarter last year.
Total expenses came in at ₹1,065 crore, with major costs including ₹441 crore towards materials consumed, ₹89 crore for employee benefits, and ₹362 crore under other expenses.
Total income (including other income of ₹68 crore) stood at ₹896 crore, down from ₹1,718 crore in the same quarter last year.
Ola Electric continues to navigate a challenging market environment with efforts to improve operational efficiency and sustain momentum in its electric mobility business.
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