Shares of Ola Electric declined more than 3% in early trade after the company reported a weak performance for the fourth quarter of FY26, with revenue witnessing a sharp year-on-year decline despite a reduction in losses.
The electric vehicle maker posted Q4 revenue of ₹265 crore, marking a decline of nearly 57% compared to ₹611 crore reported in the corresponding quarter last year. The sharp drop in topline highlights continued pressure on demand, increasing competition in India’s electric two-wheeler segment, and operational headwinds during the quarter.
Despite weaker revenue performance, the company reported an improvement in profitability metrics on a yearly basis. Net loss for the quarter narrowed to ₹500 crore from ₹870 crore in the same period last year.
EBITDA loss also improved significantly during the quarter. The company reported negative EBITDA of ₹281 crore compared to a negative ₹690 crore in the year-ago quarter, indicating better cost management and improved operational efficiency.
Market participants are closely monitoring Ola Electric’s ability to improve vehicle deliveries, strengthen margins, and sustain growth amid rising competition from established and emerging electric vehicle manufacturers in India.
Disclaimer
The above article is for informational purposes only and should not be considered investment advice. Investors are advised to consult certified financial advisors before making investment decisions.