14 Jul , 2025 By : Debdeep Gupta
Electric two-wheeler maker Ola Electric has posted a consolidated net loss of Rs 428 crore in Q1FY26 as against a loss of Rs 870 crore in Q4FY25 and Rs 347 crore in Q1FY25. Revenue for the quarter fell to Rs 828 crore, marking a 49.6 percent year-on-year (YoY) decline from Rs 1,644 crore.
Shares of Ola Electric rose nearly 6 percent to Rs 42.06 per share on the BSE, up 5.63 percent after the April - June quarter results, at around 11 a.m.
Ola Electric's net loss for the March quarter had widened to Rs 870 crore from Rs 416 crore in the year-ago period.
Last year, SoftBank Group-backed Ola Electric Mobility had announced a net loss for the quarter ended June 30, 2024 at Rs 347 crore, which widened by around 30 percent on-year. The firm's consolidated revenue from operations rose 32 percent to Rs 1,644 crore as against Rs 1,243 crore in Q1FY24, showed the company's filings on BSE on August 14, 2024.
In June 2025, it was reported that Hyundai Motor and Kia Corp had cut their stakes in the two-wheeler company amid quarterly losses and falling market share.
A Source was first to report on June 14 that Ola Electric has engaged with bankers to secure Rs 1,000-1,200 crore ($120-140 million) in private credit as the electric two-wheeler startup looks to refinance an existing bank loan.
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) loss was reported at Rs 237 crore against a Rs 205 crore YoY.
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