Ola Electric Mobility Ltd’s revenue declined by more than half in October-December 2025 as its electric two-wheeler sales fell by more than 60% during the most lucrative quarter for India’s automotive industry.
Troubled EV maker’s net loss narrows under Bhavish Aggarwal’s leadership ₹Rs 487 crore in Q3 FY26 ₹It was Rs 564 crore in the year-ago period, but it increased on a quarter-on-quarter basis ₹418 crore in Q2 FY26, according to an exchange filing on Friday (February 13, 2026).
Ola Electric Q3 Results FY26 (Consolidated, YoY)
- Revenue down 55.02% ₹470 crores vs ₹Rs 1,045 crore in Q3 FY25
- on EBITDA loss ₹271 crores vs – ₹460 crore in Q3 FY25
- at net loss ₹418 crores vs – ₹Rs 564 crore in Q3 FY25
“Q3FY26 marks a structural reset for Ola Electric,” Aggarwal said in a letter to shareholders. “We decided to fix the fundamentals by restoring service execution, resetting our cost structure and deepening vertical integration. The result is a lean operating model with a low breakeven and industry-leading gross margins.”
According to Ola Electric,
- Consolidated gross margin increased 15.7 percentage points year-on-year to 34.3%.
- EBITDA breakeven reset to approx. 15,000 units/month.
Ola Electric shares fell 0.26% on Friday ₹30.90 per share on the BSE, while the benchmark Sensex closed the day down 1.25% at 82,626.76 points. Quarterly results were announced after market close.
