Ola’s sales down 44% in Q2: Revenue down 43% to ₹690 crore; Shares fell 10% in a month

Ola Electric Mobility, India’s third largest electric two-wheeler manufacturer, has sold 55,000 vehicles in the July-September quarter. The company’s sales have declined by 44% on an annual basis. At the same time, it was 19% less than the previous quarter i.e. April-June.

During this period, the company’s revenue has also declined by 43.16% on annual basis to Rs 690 crore. In the same quarter last year, the company had generated a revenue of Rs 1,214 crore. The amount received from selling goods and services is revenue. At the same time, the earnings have also decreased by 42.47% on annual basis.

However, Ola’s loss (consolidated net loss) in Q2 has come down by 15.56% on an annual basis to Rs 418 crore. The company had suffered a loss of Rs 495 crore in the same quarter last year.

Ola Electric’s loss narrows by 16% in Q2FY26

on an annual basis

on quarterly basis

Note: Figures are in crores of rupees.

What is standalone and consolidated?

The results of companies come in two parts – stand alone and consolidated. Standalone shows the financial performance of only one unit. Whereas in the consolidated financial report the report of the entire company is given.

Ola’s share has fallen 37% in a year

After the results, today i.e. on 6th November, Ola shares fell by 5% and closed at the level of 47.57. The company’s shares have fallen 10% in the last one month, 3.4% in 6 months and 37% in one year. However, the stock has given returns of about 16% in the last 3 months. The market cap of the company is around Rs 21 thousand crores.

Ola Electric Mobility was established in 2017

Bengaluru-based Ola Electric Mobility was founded in 2017. The company mainly manufactures electric vehicles, battery packs, motors and vehicle frames at the Ola Future factory.

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