Monday, 14 July, 2025
Ola Electric Q1 Loss Widens 23% to ₹428 Cr as Revenue Halves
Ola Electric reported a consolidated net loss of ₹428 crore for Q1 FY26 (ended June 30), up 23% from ₹347 crore a year earlier. Revenue from operations plunged 49.6% year-on-year to ₹828 crore, while total expenses were cut 42.4% to ₹1,065 crore. The auto division achieved near-neutral operating cash flow despite deliveries falling to 68,192 units from 125,198. The results underscore a challenging quarter tempered by strict cost controls.
Read full story at Economic Times