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Ola Electric Posts ₹8.28 Billion in Q1 Revenue, But Losses Widen to ₹4.28 Billion

Updated: July 14, 2025 10:29

Image Source: The Economic Times
Ola Electric Mobility Ltd has released its consolidated financial results for the first quarter of FY26, revealing a mixed performance. While revenue from operations reached ₹8.28 billion, the company reported a net loss of ₹4.28 billion, reflecting the challenges of scaling in India’s competitive EV market.
 
Key Highlights
  • Revenue from operations stood at ₹8.28 billion, driven by strong escooter sales and service income
  • Net loss widened to ₹4.28 billion, up from ₹2.65 billion in the previous quarter
  • Operating expenses surged due to increased R&D, marketing, and infrastructure investments
Revenue Drivers
  • Ola Electric’s S1 series continued to lead sales, with new variants contributing to volume growth
  • Expansion of service centers and charging infrastructure added to topline but also raised costs
  • Ancillary income from battery leasing and software subscriptions showed early traction
Cost Pressures and Losses
  • Employee benefit expenses and finance costs rose sharply, reflecting hiring and debt servicing
  • Depreciation and amortization increased due to new plant commissioning and asset buildup
  • Marketing spend remained elevated as Ola pushed aggressive campaigns ahead of festive season
Strategic Outlook
  • The company is betting on its upcoming Gigafactory and battery innovation to improve margins
  • Ola Electric aims to launch new models in Q3, including a massmarket scooter and electric motorcycle
  • Management remains focused on longterm profitability through scale and vertical integration
Despite the widening loss, Ola Electric’s revenue growth signals strong consumer interest and market potential.
 
Sources: Moneycontrol, Economic Times, Business Standard, BSE India, Ola Electric Investor Relations

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