Ola Electric shares extend fall; down for 3rd consecutive session as Q2 revenue slips 43%
Shares of pure-play EV major Ola Electric slipped as much as 4.4% to their day’s low of Rs 45.50 per share on the NSE on Friday, November 7, after the company reported a mixed set of figures in the second quarter of FY26. With today’s fall, the stock is down 12% in just three days and down for a third consecutive session.
The electric two-wheeler manufacturer’s consolidated net loss narrowed to Rs 418 crore, compared to a loss of Rs 495 crore in the year-ago period. However, the company said its total revenue from operations for the second quarter of FY26 stood at Rs 690 crore, reflecting a 43% decline year-on-year compared to Rs 1,214 crore reported in the September 2024 quarter.
