Ola Electric’s revenue took a major hit in the second quarter of FY26. The electric vehicle company’s revenue declined by 43.16 per cent YoY in the quarter. The company reported a consolidated revenue of Rs 690 crore from operations in Q2 FY26. Last fiscal year, its consolidated revenue stood at Rs 1,214 crore in Q2.

While its revenue saw a significant decline, Ola Electric’s losses contracted to Rs 418 crore in the second quarter of FY26. The Bhavish Aggarwal-led company’s losses in Q2 FY25 were at Rs 495 crore.

Ola Electric’s auto segment turns profitable for the first time, as gross margin increased to 30.7per cent. The company’s auto business achieved positive EBITDA of 0.3%, compared to -5.3% in Q1 FY26, marking the company’s first quarter of auto EBITDA profitability.

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