Ola Electric Mobility Limited has announced its financial performance for the second quarter of the fiscal year 2025-26, reporting a revenue of ₹690 crore, down from ₹828 crore in the previous quarter. This revenue reflects the company's efforts to stabilize following a fluctuating market environment. The automotive segment saw a total of 52,666 vehicle deliveries, a slight decrease from 68,192 in Q1 FY26. The company continues to focus on expanding its operations despite challenges, with gross margins showing improvement to 30.9% of revenue from operations, compared to 25.8% in the previous quarter.

The financial report also highlights a significant reduction in operating expenses, which fell to ₹416 crore from ₹451 crore in the prior quarter. This reflects Ola's commitment to cost management as it navigates the competitive electric vehicle market. Despite the revenue decrease, the company has managed to narrow its Operating EBITDA loss to ₹203 crore, a notable improvement from ₹237 crore in Q1 FY26. The focus on enhancing operational efficiency and cost control appears to be a strategic priority for the company as it aims for profitability in the coming quarters.

Ola Electric's performance in the cell segment remains modest, with consistent revenues of around ₹4 crore across the latest quarters. The company is likely to leverage its advancements in cell production, which reached 38,080 cells in Q2 FY26, to support its electric vehicle offerings. As Ola Electric continues to expand its footprint in the electric mobility sector, stakeholders are keenly observing its strategic initiatives and operational adjustments aimed at achieving long-term growth and sustainability in a rapidly evolving market.