Shares of Ola Electric Ltd. extended their decline with the stock falling upto 4.35%.(Photo source: Ola Electric/X) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Shares of Ola Electric Ltd. slipped on Friday morning to hit over two-month low after reporting its second-quarter numbers, which saw the electric vehicle manufacturer report a 43% decline in revenue at Rs 690 crore from Rs 1,214 crore reported in the previous fiscal.

The intraday trading saw the stock slip 4.35% and hit a low of Rs 45.50.

Ola Electric Mobility's second quarter fiscal 2026 reported a net loss of Rs 418 crore, which is an improvement from the Rs 495 crore loss in the same quarter last year. However, their revenue took a hit, dropping 43% year-over-year to Rs 690 crore from Rs 1,214 crore.

The

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