Ola Electric Q2 Results: Net loss narrows to ₹418 crore, revenue slumps 43% YoY

Ola Electric Q2 Results: Ola Electric Mobility on Thursday reported a consolidated net loss of ₹418 crore for the quarter ended September 30, 2025, narrowing its losses from ₹495 crore in the same period last year. Revenue from operations fell sharply by 43% year-on-year to ₹690 crore compared to ₹1,214 crore reported in the September 2024 quarter.

Ola Electric announced that it reached Auto EBITDA profitability for the first time, backed by a gross margin of 30.7%, which represents an increase of 510 basis points from the previous quarter.

The company indicated that it reduced operating expenses by approximately 52% compared to the last quarter.

During this quarter, its auto segment became cash-positive, with underlying cash flow from operations at ₹15 crore; however, it reported a negative cash flow of ₹40 crore due to a one-time increase in festive inventory.

(more to come)

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