Ola Electric
Ola Electric Q2 results shock market! Net loss shrinks but revenue crashes 43 percent
Mumbai/IBNS: Ola Electric on Thursday reported that its net loss has narrowed to Rs. 418 crore in the second quarter of FY 2025-2026 as compared to the same period in the last fiscal year, media reports said.
In Q2 of FY 2024-2025, Ola Electric had reported a net loss of Rs. 495 crore.
However, the company's revenue has tanked by 43 percent on the Year-on-Year basis.
The revenue in Q2 of FY 2025-2026 has been reported to be Rs. 690 crore as compared to Rs. 1,214 crore in the same quarter of the previous financial year.
The EV maker said its auto business turned profitable supported by a 30.7% gross margin.
The company also announced that its auto gross margin expanded sequentially by 510 bps to 30.7%, higher than most ICE 2W companies, with minimal PLI contribution of 2.0%.
The company’s consolidated revenue from operations for Q2 FY26 stood at ₹690 Cr with total deliveries of 52,666 vehicles in Q2 FY26.
In October 2025, Ola Electric launched Ola Shakti , India's first residential Battery Energy Storage System (BESS) using the company's Bharat 4680 cell.
Shakti delivers 2x the life and higher efficiency than traditional lead-acid systems, integrates seamlessly with rooftop solar, and provides 5-10 hours of home backup.
The company expects Shakti to generate ₹100 Cr revenue in Q4 FY26 and ₹1,000-1,200 Cr in annual revenue in FY27 with 40-50% gross margins.
The company plans to expand into containerized energy storage systems for commercial, industrial, and utility-scale use by Q1 FY27, offering 100 kWh to 5 MWh systems.
To support this growth, the company plans to expand total cell manufacturing capacity to 20 GWh by the second half of FY27 .
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