Results · Mobility & Logistics

Ola Electric revenue plunges 55% in Q3

By Startup Enthusiast · 13 February 2026

What they do

Ola Electric makes electric scooters and sells batteries

It reported Q3 revenue of Rs 470 crore, down 55% year-on-year, and a net loss of Rs 487 crore

Its electric two-wheeler market share fell from 24.8% to under 6% in one year

Ola Electric reported its Q3 FY26 financial results on 13 February 2026.
Revenue from operations was Rs 470 crore, down 55% from Rs 1,045 crore in Q3 FY25.
Total revenue including other income was Rs 504 crore, down from Rs 1,172 crore a year ago.
Net loss was Rs 487 crore, a 14% improvement from Rs 564 crore in Q3 FY25.
Total expenses fell 43% to Rs 991 crore from Rs 1,736 crore.
Procurement costs were Rs 309 crore, making up 31% of total expenses.
Employee benefits were Rs 92 crore, down 10% year-on-year.
Sequentially, net loss increased 17% from Rs 418 crore in Q2 FY26.

Ola Electric's electric two-wheeler market share dropped from 24.8% in January 2025 to under 6% in January 2026.
Competitors like Ather Energy gained share, while TVS Motor and Bajaj Auto held steady volumes.
The company's market capitalisation stood at Rs 13,638 crore ($1.5 billion) on results day.
Share price was Rs 31 at the end of the trading session on results day.