Ola Electric Mobility's Q2 FY 2025-26 Quarterly Results

Result Summary

• Ola Electric Mobility Ltd reported a 15.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 42.5%.
• Its expenses for the quarter were down by 11.3% QoQ and 35.1% YoY.
• The net profit decreased 2.3% QoQ and decreased 15.6% YoY.
• The earnings per share (EPS) of Ola Electric Mobility Ltd declined at 0.95 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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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 a prominent player in the electric vehicle industry, focusing primarily on the production and sale of electric scooters. The company is part of the Ola Cabs family, which is a major ride-hailing service in India. Ola Electric aims to accelerate the adoption of electric vehicles in the country and has been involved in various initiatives to expand its product offerings and infrastructure, such as setting up charging networks. There have been significant developments in the electric vehicle market, with increased competition and regulatory support aimed at boosting electric vehicle adoption. However, specific recent major developments about Ola Electric Mobility Ltd are not available in the provided data.

Revenue

In Q2FY26, Ola Electric Mobility Ltd reported a total income of ₹756.00 crores. This figure represents a quarter-over-quarter (QoQ) decline of 15.6% from Q1FY26, where the total income was ₹896.00 crores. Year-over-year (YoY), the total income decreased by 42.5% from Q2FY25's total income of ₹1314.00 crores. The substantial YoY decline suggests changes in sales volume or pricing, but without additional context, specific drivers of this revenue trend remain unidentified.

Profitability

The company's profitability metrics indicate a challenging quarter. Ola Electric Mobility Ltd reported a profit before tax of -₹418.00 crores in Q2FY26, slightly improving by 2.3% QoQ from -₹428.00 crores in Q1FY26. Year-over-year, there was a 15.6% improvement from -₹495.00 crores in Q2FY25. As there was no tax expense reported, the profit after tax remained identical to the profit before tax at -₹418.00 crores. Earnings per share (EPS) for Q2FY26 was -0.95, showing a 2.1% improvement QoQ from -0.97 in Q1FY26 and a 20.8% improvement YoY from -1.20 in Q2FY25.

Operating Metrics

Ola Electric's total expenses for Q2FY26 were ₹1174.00 crores, marking an 11.3% decrease QoQ from ₹1324.00 crores in Q1FY26 and a 35.1% YoY decrease from ₹1809.00 crores in Q2FY25. The decrease in expenses suggests potential cost optimization or reduced business activities. The absence of tax expenses in the financial data indicates that the company did not incur any tax liability during these periods. No additional operating metrics, ratios, or details such as P/E ratio, debt-to-equity ratio, or current ratio are available in the provided data, limiting further analysis of operational efficiency and financial health.