Ola Electric Mobility Limited reported a sharp drop in revenue but a narrower loss for the quarter ended September 30, 2025, as the EV maker continued its cost optimization efforts ahead of its upcoming IPO.
According to the company’s unaudited consolidated financial results, revenue from operations came in at Rs 690 crore, down 43% year-on-year from Rs 1,214 crore in the same period last year. Meanwhile, total income stood at Rs 756 crore, compared to Rs 1,314 crore in Q2 FY25.
Despite the revenue decline, the company’s net loss before tax narrowed 16% YoY to Rs 418 crore, compared to a loss of Rs 495 crore in the corresponding quarter last year. Total expenses dropped to Rs 893 crore in Q2 FY26 from Rs 1,593 crore in Q2 FY25, reflecting tighter cost control and efficiency improvements.
Additionally, Ola Electric’s EBITDA loss stood at Rs 2.03 billion (Rs 203 crore), a significant improvement from Rs 3.79 billion (Rs 379 crore) a year earlier, underscoring operational progress amid market expansion.
The company continues to focus on scaling its electric two-wheeler segment and advancing its gigafactory project as it prepares for a public listing.
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