Electric two-wheeler maker Ola Electric reported a narrower net loss of Rs 336 crore in the June quarter, from Rs 428 crore a year ago, helped by lower operating expenses, while revenue slumped 45% due to lower vehicle sales.
The Bhavish Aggarwal-led company reported revenue from operations of Rs 455 crore for the June quarter, down from Rs 828 crore a year earlier, according to its stock exchange filing.
“FY26 was a year which actually took some difficult decisions and necessary actions,” Aggarwal said on the post-earnings call. “We reset the operating model, streamlined the organisation, tightened execution, and materially optimised our cost structure. Q1-27 was the first full quarter operating at that reset pace.”
The company said it delivered nearly 39,192 vehicles in the quarter, lower than 68,192 in the year-ago quarter, but higher than 20,256 units in Q4 FY26.
Vehicle orders doubled to 44,071 units in this quarter from 22,522 in the March quarter. Aggarwal had guided two-wheeler orders between 40,000-45,000 and a consolidated revenue of Rs 500-550 crore for Q1, nearly double Q4 levels, in a social media post in May.
The results come as the company continues to face pressure following a sharp erosion in sales and market share over the past year. Rivals including TVS Motor, Bajaj Auto, Ather Energy, and Hero MotoCorp are all ahead of the company in monthly sales. According to Vahan data, Ola’s market share has shrunk dramatically, falling from 36.7% in calendar year 2024 to 16.1% in 2025, and further to 6.9% in July 2026.
