Ola Electric’s operating revenue plunged nearly 50% year-on-year to Rs 828 crore in the quarter ended June 2025, reflecting the intensifying competition in the electric two-wheeler segment. The company’s net loss rose 23% to Rs 428 crore from Rs 348 crore a year earlier.
Total expenses dropped 42% to Rs 1,065 crore during the quarter under review, against Rs 1,849 crore in the year-ago period. The drop was mostly on account of the decline in the cost of raw materials consumed, which fell 66% to Rs 441 crore in the first quarter of this fiscal.
Ola Electric has shifted gears from aggressive expansion to a more measured, profit-focused strategy, the company said in a letter to shareholders.
“We’ve made a pivot to our strategy over the last two quarters from aggressive penetration to balanced profitable growth,” the company said, noting that the current focus is on consolidating operations, improving margins, and laying the groundwork for future expansion.
As it enters this phase, Ola Electric said it is working to strengthen its distribution network, broaden its product range, and tap into a new wave of EV customers.
The company expects to sell between 3.25 lakh and 3.75 lakh vehicles in FY26, with projected revenue of Rs 4,200-4,700 crore. In FY25, the company reported operating revenue of Rs 4,514 crore, which was 10% lower than fiscal 2024.
Ola Electric shares were trading 0.7% higher at Rs 40.10 as of 10:30 a.m. after results, compared to a 0.4% decline in the benchmark Sensex.
Total expenses dropped 42% to Rs 1,065 crore during the quarter under review, against Rs 1,849 crore in the year-ago period. The drop was mostly on account of the decline in the cost of raw materials consumed, which fell 66% to Rs 441 crore in the first quarter of this fiscal.
Ola Electric has shifted gears from aggressive expansion to a more measured, profit-focused strategy, the company said in a letter to shareholders.
“We’ve made a pivot to our strategy over the last two quarters from aggressive penetration to balanced profitable growth,” the company said, noting that the current focus is on consolidating operations, improving margins, and laying the groundwork for future expansion.
As it enters this phase, Ola Electric said it is working to strengthen its distribution network, broaden its product range, and tap into a new wave of EV customers.
The company expects to sell between 3.25 lakh and 3.75 lakh vehicles in FY26, with projected revenue of Rs 4,200-4,700 crore. In FY25, the company reported operating revenue of Rs 4,514 crore, which was 10% lower than fiscal 2024.
Ola Electric shares were trading 0.7% higher at Rs 40.10 as of 10:30 a.m. after results, compared to a 0.4% decline in the benchmark Sensex.
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