Ola Electric Q3 Results Highlights: Net loss narrows to ₹487 crore, revenue tanks 55% YoY

Ola Electric Q3 Results Highlights: Ola Electric reduced its losses in the December quarter to ₹487 crore, down from ₹564 crore during the same quarter of the prior fiscal year. The company's operational revenue decreased by 55% year-on-year (YoY) to ₹470 crore.

Adjusted operating EBITDA losses fell to ₹323 crore in the third quarter compared to ₹494 crore a year earlier.

Revenues from the automotive division plummeted to ₹467 crore from ₹1,045 crore in the corresponding period last year. The cell segment generated approximately ₹9 crore in revenue.

"Our current manufacturing footprint supports 1 million vehicles and 6 GWh of cell capacity. The focus is now on growing into this revenue potential of ₹15,000-20,000 crore over next few years," it added.

Ola has acknowledged that deficiencies in service delivery have affected brand confidence among potential customers.

"These were service infrastructure and execution issues and not product quality issues. Customer trust and preference for our product remains strong, as indicated by an independent third-party survey showing 90% overall product satisfaction and high repurchase intent."

Ola Electric Q3 Results LIVE: In terms of research and development, the company's approximately ₹2,000 crore investment in its platform has evolved into a well-established Gen3 architecture that boasts enhanced quality, favorable unit economics, and distinctiveness. Several upcoming products based on this platform are currently at advanced development stages, necessitating minimal additional R&D, and will be introduced in a phased approach following business stabilization.

Ola Electric Q3 Results LIVE: The ramp-up of the Gigafactory is progressing as planned and marks a crucial structural milestone for Ola Electric. Q3 FY26 proved to be a pivotal quarter for execution:

● Cell production increased twofold compared to Q2, reaching 72,418 cells.

● The company achieved the inaugural commercial rollout of our in-house 4680 Bharat cells in vehicles now delivered to customers.

● The company introduced Ola Shakti, their first product that is entirely powered by the output from the Gigafactory.

Ola Electric Q3 Results LIVE: Hyperservice initiatives of the firm

1. Improving parts availability through supply chain redesign and D2C genuine parts platform
2. Technician hiring and training programs
3. Tighter governance and service performance tracking
4. AI-led automation for faster diagnostics and job card processing

Ola Electric Q3 Results LIVE: The company said - Our roadmap for sales recovery is anchored in restoring trust, reinforcing product superiority, and leveraging our structural advantages as the industry transitions into its next phase of adoption. The first lever is service stabilisation. Recent sales softness was driven by service perception rather than product competitiveness. As backlogs reduce and Hyperservice scales, brand confidence among prospective buyers is normalising. We have reduced service backlogs by nearly half and now complete ~80% of tickets on the same day.

The second lever is the inherent strength of our product proposition. Across price points, our portfolio

delivers:

● Industry-leading range

● Strong acceleration and performance

● Competitive pricing

● Software-enabled differentiation

Ola Electric Q3 Results LIVE: The consolidated gross margin rose to 34.3% in Q3 FY26, reflecting an increase of 3.4% points from the previous quarter's 30.9% and a 15.7% point improvement compared to 18.6 percent a year earlier. Gross profit reached ₹161 crore, which represents a sequential decline of 24.4% and a 17% decrease from ₹194 crore in Q3 FY25.

Ola Electric Q3 Results LIVE: Cash and cash equivalents fell by 31.4% from the previous quarter, totaling ₹1,991 crore at the end of December, compared to ₹2,903 crore at the close of September.

Ola Electric Q3 Results LIVE: Operating expenses increased by 3.8% compared to the previous quarter, going up to ₹432 crore from ₹416 crore, yet dropped by 34% from ₹654 crore a year earlier.

Ola Electric Q3 Results LIVE: Deliveries fell by 38% compared to the previous quarter and 61% compared to the same quarter last year, totaling 32,680 units, in contrast to 52,666 units in Q2 and 84,029 units from a year ago.

Ola Electric Q3 Results LIVE: Revenues from the automotive division plummeted to ₹467 crore, down from ₹1,045 crore in the same period last year. The cell division generated revenues of approximately ₹9 crore.

Ola Electric Q3 Results LIVE: In conjunction with enhancing service delivery, the firm has initiated an extensive overhaul of their operating model.

This is not merely a temporary reduction in costs; instead, it represents a fundamental redesign across our manufacturing, retail, service, and corporate sectors aimed at significantly improving operating leverage as volume increases.

During the peak expansion period in Q4 FY25, the consolidated quarterly operating expenses (including leases) amounted to roughly ₹840 crore. Through the structural adjustments made this year, operating expenses for Q3 FY26 have decreased to ₹484 crore.

As the full impact of these measures takes effect, they anticipate that the consolidated quarterly operating expenses will stabilize at ₹250–300 crore over the next few quarters.

Ola Electric Q3 Results LIVE: Ola Electric has invested approximately ₹5,300 crore across manufacturing infrastructure, battery innovation, and research and development platforms, creating a scale of EV-focused investment that is largely unmatched among Indian OEMs and providing a strong structural advantage over competitors.

This investment has enabled the company to build full vertical integration across key components such as motors, batteries, cells, electronics, and software, while also establishing scalable manufacturing infrastructure and a proprietary technology stack.

As a result, the company has developed a deep and evolving product roadmap, positioning it to strengthen its presence in India’s rapidly expanding electric mobility ecosystem.

Ola Electric Q3 Results LIVE: The company stated that Ola Electric has embarked on a thorough overhaul of its operations by optimizing its store and service network along with implementing AI-driven automation.

In the upcoming quarters, these initiatives are anticipated to reduce quarterly consolidated operating expenses to approximately ₹250-300 Cr, which will decrease the company's EBITDA breakeven point to around 15,000 units per month.

As demand rebounds, this operational strategy is likely to facilitate a volume increase of 3-4 times with minimal additional operating costs, leading to significant operating leverage and a more defined route to achieving sustainable profitability.

Ola Electric Q3 Results LIVE: The company in its exchange filing said that Q3 FY26 represented a pivotal moment in the expansion of Ola Electric’s Gigafactory, solidifying it as a durable competitive advantage for the company.

In this quarter, the company increased cell production QoQ to 72,418 cells, marked the initial commercial use of their in-house 4680 Bharat Cells in customer vehicles, and introduced Ola शक्ति, their first residential Battery Energy Storage System (BESS) that directly utilizes output from the Gigafactory.

The Gigafactory is currently functioning with about 2.5 GWh of installed capacity, intending to scale up to 6 GWh by March 2026. Ola Electric is the sole Indian entity to have successfully operationalized a scaled Gigafactory, giving it a distinctive position in the local market.

Ola Electric Q3 Results LIVE: As per the company's exchange, Ola Electric spokesperson said, “Q3 FY26 marks a structural reset for Ola Electric. We chose to fix the fundamentals by restoring service execution, resetting our cost structure, and deepening vertical integration.

The result is a leaner operating model with materially lower breakeven and industry-leading gross margins. With service metrics stabilising and our Gigafactory transitioning into commercial scale deployment, we are positioned to enter the next phase of growth with significantly improved operating leverage.”

Ola Electric Q3 Results LIVE: The company announced that Ola Electric recorded a consolidated gross margin of 34.3% in Q3 FY26, up from 30.9% in Q2 FY26 and 18.6% in Q3 FY25. This increase in margin was bolstered by the company's vertically integrated manufacturing approach and enhanced unit economics from the Gen 3 platform.

Ola Electric Q3 Results LIVE: The firm's consolidated revenue from operations in Q3FY26 declined to ₹470 crore from ₹1,045 crore, YoY.

Ola Electric Q3 Results LIVE: Ola Electric's consolidated net loss in Q3FY26 narrowed to ₹487 crore YoY from ₹564 crore YoY.

Ola Electric Q3 Results LIVE: Shares end 0.26% lower at ₹30.90 apiece on the BSE. According to Ruchit Jain, VP - Head of Equity Technical Research, Motilal Oswal Financial Services, the stock has seen a long phase of underperformance and the broader trend remains negative, inspite of the momentum readings in oversold set up. Until, we see any bullish price volumes action it is advisable to avoid bottom fishing.

Ola Electric Q3 Results LIVE: On January 9, Japanese multinational investment company SoftBank has divested 2.15 percent of its stake in Ola Electric Mobility through its investment entity SVF II Ostrich (DE) LLC, as indicated in a regulatory disclosure.

SVF II OSTRICH (DE) LLC has sold a total of 94,628,299 equity shares of Ola Electric Mobility Ltd in a series of transactions conducted between September 3, 2025, and January 5, 2026, with the sale on January 5, 2026, exceeding the 2 percent limit stipulated by SEBI regulations, the firm stated in a regulatory filing shared on BSE by the electric two-wheeler manufacturer.

Following this transaction, the stake of SVF II OSTRICH (DE) LLC in Ola Electric has decreased to 13.53 percent from the previous 15.68 percent, it also noted.

Ola Electric Q3 Results LIVE: Ola Electric Mobility appointed Deepak Rastogi as its new Chief Financial Officer following the departure of Harish Abichandani from the role, as stated in a regulatory filing by the company.

The company’s board approved Deepak Rastogi’s appointment as Chief Financial Officer during a meeting on January 19, 2025, with his role set to commence as key managerial personnel and part of senior management starting January 20, 2026, Ola Electric Mobility stated.

Additionally, the board acknowledged Harish Abichandani's resignation from the Chief Financial Officer position, effective at the end of January 19, 2026. In his resignation letter, Abichandani indicated that his decision to leave was based on personal reasons.

Ola Electric Q3 Results LIVE: Ola Electric announced on February 2 that it has initiated the delivery of the Ola Shakti 9.1kWh, which is the nation's first residential battery energy storage system (BESS) solution utilizing 4680 Bharat cells.

The deliveries for the 6kW/9.1kWh version of Ola Shakti have officially started today in Bengaluru and will be expanded throughout India in the upcoming months, according to the company’s statement.

Additionally, Ola Electric revealed that it has obtained the Bureau of Indian Standards (BIS) certification for the 3kW/5.2kWh configuration of Ola Shakti, continuing the previous BIS certification received for the 6kW/9.1kWh variant on January 15, 2026.

According to according to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, over the past few weeks, the stock has remained subdued and continued to underperform. Prices are currently hovering around the 30 mark; a decisive break below this level could trigger further selling towards 27. On the upside, the 33–34 zone is likely to act as immediate resistance.

Ola Electric Q3 Results LIVE: Ola Electric share price has fallen significantly from its listing price. Ola Electric shares had made a flat stock market debut on 9 August 2024. The EV stock listed at ₹76 apiece on the NSE, at par with its issue price of RS 76 per share. Ola Electric share price is trading 60% lower than its listing price near ₹31 apiece.

Ola Electric Q3 Results LIVE: Ola Electric share price was trading higher on Friday ahead of the announcement of Q3 results today, despite a broader sell-off in the Indian stock market. The EV stock has been on a downward trajectory. Ola Electric shares have fallen 20% in one month and has declined over 26% in three months. The stock has plunged nearly 52% in the past one year.

Ola Electric Q3 Results LIVE: Kotak Institutional Equities expects Ola Electric’s revenues to decline by 54% YoY driven by 58% YoY decline in volumes and 4% YoY increase in ASPs due to higher PLI accrual and higher mix of motorcycles. It expects the company to report EBITDA loss of ₹202 crore in Q3FY26 versus EBITDA loss of ₹460 crore in Q3FY25. Reduction in losses will be driven by lower provisions on a YoY basis, cost control measures, and higher mix of Gen-3 platforms, partly offset by negative operating leverage.

Ola Electric Q3 Results LIVE: At the operating level, EBITDA loss is expected to decline to ₹202 crore in the December 2025 quarter from an EBITDA loss of ₹460 crore in the year-ago period, and an EBITDA loss of ₹203 crore in the September quarter.

Ola Electric Q3 Results LIVE: Ola Electric’s revenue is expected to decline 54% YoY driven by lower volumes. The company is estimated to report revenue of ₹480 crore in Q3FY26 as against ₹1,045 crore in the year-ago period, and against ₹690 crore in the September quarter.

Ola Electric Q3 Results LIVE: The net loss of the EV maker in Q3FY26 is expected to fall to ₹422 crore from ₹564 crore in the year-ago period. However, sequentially, net loss is likely to rise from ₹418 crore in the September quarter, according to estimates by Kotak Institutional Equities.

Ola Electric Q3 Results LIVE: Ola Electric is expected to see narrowing of its net losses in the third quarter of FY26 on a year-on-year (YoY) basis, with a sharp fall in revenue. At the operating level, EBITDA loss is also estimated to fall.

Ola Electric Q3 Results LIVE: Ola Electric Mobility, the electric two-wheeler maker, will report its Q3 results today. Ola Electric share price was trading over a percent higher ahead of the earnings today.