Ola Electric Q2 Loss Down 13% To ₹362 Cr, Revenue Dips 39%

EV maker Ola Electric reported a 13% year-on-year (YoY) decline in its consolidated net loss to ₹362 Cr in the September quarter (Q2 FY27), compared with ₹418 Cr in the year-ago period. However, loss widened 8% sequentially from ₹336 Cr.

Operating revenue declined 39% YoY to ₹421 Cr from ₹690 Cr in Q2 FY26. It also fell 7% sequentially from ₹455 Cr in the preceding quarter.

Including other income of ₹27 Cr, Ola Electric’s total income stood at ₹448 Cr, down 41% YoY from ₹756 Cr in Q2 FY26. Sequentially, total income declined 7% from ₹484 Cr.

On the expenses front, the EV maker reported a 28% YoY decline in total expenses to ₹639 Cr from ₹893 Cr. However, expenses rose 3% sequentially from ₹620 Cr in Q1 FY27.

(The story will be updated soon)

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