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Ola Electric posts Rs 428 crore loss in Q1FY26, revenue rises to Rs 828 crore

  • Ola Electric surprises with stronger financial results for Q1FY26 amidst concerns in the electric mobility sector.
  • The company reported a revenue of Rs 828 crore, a 35% increase from the previous quarter, while incurring a net loss of Rs 428 crore.
  • Vehicle deliveries surged to 68,192 units, defying earlier forecasts of lower volumes.
  • Ola Electric's margin recovery is attributed to its Gen 3 scooters, internal cost optimization program, and focus on in-house technology for long-term growth.

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