Ola Electric Posts ₹336 Crore Consolidated Loss In Q1 FY27, Revenue Drops To ₹455 Crore

Mumbai: Ola Electric Mobility Ltd on Thursday announced a consolidated net loss of ₹336 crore for the quarter ended 30 June 2026. This marks a significant increase from the ₹428 crore consolidated loss reported in the corresponding quarter last year.

Revenue and Expenses

Consolidated revenue from operations for the first quarter of fiscal year 2026-27 was ₹455 crore, down from ₹828 crore in the same quarter of the previous fiscal year. Total consolidated income for the quarter also decreased to ₹484 crore from ₹895 crore year-on-year.

Consolidated total expenses for the quarter ended 30 June 2026 were ₹620 crore, a reduction from ₹1,065 crore reported in the year-ago quarter.

Earnings Per Share

Basic and diluted earnings per share (EPS) for the quarter ended 30 June 2026 were negative ₹0.75. This compares to a negative EPS of ₹0.97 in the quarter ended 30 June 2025.

Internal Auditor Appointment

The company's Board of Directors appointed TRC Corporate Consulting Private Limited as the internal auditor for the financial year 2026-27. This appointment was effective on 7 August 2026.

Qualified Review Conclusion

The statutory auditors of Ola Electric Mobility Ltd have expressed a qualified review conclusion on the consolidated financial results for the quarter ended 30 June 2026.

This qualification is due to the absence of approval from the Ministry of Heavy Industries regarding an extension of timeline and waiver of liquidated damages for Ola Cell Technologies Private Limited.

Negative Cash Flow

The group reported negative cash flow from operations amounting to ₹215 crore for the quarter ended 30 June 2026. This was primarily attributed to continued operating losses, lower-than-expected sales volume growth, and increased material costs.

Disclaimer: This report is based on the company's filed financial results (standalone or consolidated, as applicable) and is intended solely for informational purposes. It does not constitute investment advice or a recommendation to buy, sell or hold any security.