Ola Electric Q2 Loss Narrows About 13% to Rs 362 Crore
Ola Electric's revenue from operations fell 39% to Rs 421 crore in the September quarter, while its net loss narrowed from a year ago.
Key Takeaways
- Ola Electric's Q2 FY27 net loss was Rs 362 crore, about 13% lower than Rs 418 crore a year earlier.
- Revenue from operations fell 39% to Rs 421 crore from Rs 690 crore.
- The loss widened from Rs 336 crore in Q1 FY27, and revenue fell from Rs 455 crore.
- For the first half of FY27, revenue from operations was Rs 876 crore and the net loss was Rs 698 crore.
Table of Contents 4 sections
Ola Electric Mobility reported a consolidated net loss of Rs 362 crore for the July to September quarter of FY27 (Q2 FY27), about 13% lower than the Rs 418 crore loss it posted a year earlier. Revenue from operations fell 39% to Rs 421 crore from Rs 690 crore in Q2 FY26.
Compared with the previous quarter, the loss widened by about 8% from Rs 336 crore in Q1 FY27, while revenue from operations fell about 7.5% from Rs 455 crore. Including other income of Rs 27 crore, total income for the quarter was Rs 448 crore.
Ola Electric Q2 FY27 at a glance
| Detail | Value |
|---|---|
| Company | Ola Electric Mobility |
| Quarter | Q2 FY27 (July to September 2026), consolidated |
| Revenue from operations | Rs 421 crore, down 39% from Rs 690 crore a year earlier |
| Net loss | Rs 362 crore, about 13% lower than Rs 418 crore a year earlier |
| Net loss in Q1 FY27 | Rs 336 crore |
| Total income | Rs 448 crore, including other income of Rs 27 crore |
| Results announced | 12 November 2026 |
Ola Electric's automotive business brings in almost all its revenue
Ola Electric makes electric two-wheelers and also runs a battery cell business. In Q2 FY27, its automotive segment made Rs 420 crore in revenue from operations, while the cell segment made Rs 3 crore.
For the first half of FY27, revenue from operations was Rs 876 crore, about 42% lower than Rs 1,518 crore a year earlier. The net loss for the six months narrowed about 17.5% to Rs 698 crore from Rs 846 crore.
| When | What happened |
|---|---|
| Q2 FY26 (July to September 2025) | Revenue from operations of Rs 690 crore and a net loss of Rs 418 crore |
| Q1 FY27 (April to June 2026) | Revenue from operations of Rs 455 crore and a net loss of Rs 336 crore |
| Q2 FY27 (July to September 2026) | Revenue from operations of Rs 421 crore and a net loss of Rs 362 crore |
Where Ola Electric stands after Q2 FY27
Ola Electric ended the September quarter with a net loss of Rs 362 crore, about 13% lower than a year earlier, on revenue from operations of Rs 421 crore. For the first half of FY27, its revenue from operations was Rs 876 crore and its net loss was Rs 698 crore, lower than Rs 1,518 crore and Rs 846 crore a year earlier.
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