Ola Electric Q2 FY26 results: Revenue slumps 43%, loss narrows to Rs 418 crore, achieves first-ever EBITDA profit
Ola Electric’s revenue took a major hit in the second quarter of FY26. The electric vehicle company’s revenue declined by 43.16 per cent YoY in the quarter. The company reported a consolidated revenue of Rs 690 crore from operations in Q2 FY26. Last fiscal year, its consolidated revenue stood at Rs 1,214 crore in Q2.
While its revenue saw a significant decline, Ola Electric’s losses contracted to Rs 418 crore in the second quarter of FY26. The Bhavish Aggarwal-led company’s losses in Q2 FY25 were at Rs 495 crore.
