Ola Electric Mobility's Q3 FY 2025-26 Quarterly Results
- 14 Feb 2026
Result Summary
- Ola Electric Mobility Ltd reported a 33.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 57.0%.
- Its expenses for the quarter were down by 15.6% QoQ and 42.9% YoY.
- The net profit increased 16.5% QoQ and decreased 13.7% YoY.
- The earnings per share (EPS) of Ola Electric Mobility Ltd declined at 1.1 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 504.00 | 756.00 | 1172.00 | -33.3% | -57.0% |
Total Expenses | 991.00 | 1174.00 | 1736.00 | -15.6% | -42.9% |
Profit Before Tax | -487.00 | -418.00 | -564.00 | 16.5% | -13.7% |
Tax | 0.00 | 0.00 | 0.00 | - | - |
Profit After Tax | -487.00 | -418.00 | -564.00 | 16.5% | -13.7% |
Earnings Per Share | -1.10 | -0.95 | -1.28 | 15.8% | -14.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Ola Electric Mobility Ltd is an Indian electric vehicle manufacturer primarily focused on producing electric scooters and other electric mobility solutions. It operates within the rapidly growing electric vehicle industry, which is driven by increasing demand for sustainable and environmentally friendly transportation alternatives. The company has gained notable attention for its innovative products and ambitious plans to expand its market share both domestically and internationally. Although specific recent developments are not available, Ola Electric is known for its commitment to advancing electric mobility and has been involved in significant initiatives aimed at enhancing its manufacturing capabilities and expanding its product lineup.
Revenue
During the third quarter of the fiscal year 2026 (Q3FY26), Ola Electric Mobility Ltd reported a total income of ₹504 crores, a decrease from ₹756 crores in the previous quarter (Q2FY26) and ₹1172 crores in the same quarter of the previous year (Q3FY25). This represents a quarter-over-quarter (QoQ) decline of 33.3% and a year-over-year (YoY) decrease of 57.0%. The significant decline in revenue indicates a substantial reduction in the company's total income over the periods, reflecting changes in operational performance compared to both the previous quarter and the same period last year.
Profitability
Ola Electric Mobility Ltd's profitability metrics reveal a challenging financial quarter. The company recorded a profit before tax of -₹487 crores in Q3FY26, compared to -₹418 crores in Q2FY26 and -₹564 crores in Q3FY25. The profit before tax improved by 16.5% on a QoQ basis and by 13.7% on a YoY basis. Despite this improvement, the figures remain negative, indicating a loss in profitability. The earnings per share (EPS) for Q3FY26 was -₹1.10, compared to -₹0.95 in Q2FY26 and -₹1.28 in Q3FY25, reflecting a 15.8% QoQ increase and a 14.1% YoY improvement. These figures suggest ongoing financial challenges, albeit with some indications of relative improvement compared to past periods.
Operating Metrics
Ola Electric Mobility Ltd's total expenses for Q3FY26 amounted to ₹991 crores, down from ₹1174 crores in Q2FY26 and ₹1736 crores in Q3FY25. This marks a QoQ reduction of 15.6% and a YoY decrease of 42.9%. The reduced expenses across these periods highlight a trend of decreased operational costs, which may be a result of cost-cutting measures or reduced activity levels. The company did not incur any tax expenses during these periods, as reflected in the zero values for tax reported across all quarters. Overall, the financial data for Q3FY26 indicates a complex operating environment with significant challenges in maintaining revenue levels and achieving profitability while managing operating costs.