Ola Electric Mobility Limited has announced its unaudited consolidated financial results for the second quarter and half-year ended September 30, 2026. The company reported a total consolidated income of ₹2,460 crore for the quarter ended September 30, 2026. This represents a notable increase from the ₹1,652 crore reported in the previous year and highlights the company’s expanding operations and market presence.
| Particulars | Quarter Ended September 30, 2026 | Quarter Ended September 30, 2025 | Six Months Ended September 30, 2026 | Six Months Ended September 30, 2025 |
| Total income | ₹2,460 crore | ₹1,652 crore | ₹4,119 crore | ₹2,870 crore |
| Total Expenses | ₹3,245 crore | ₹1,958 crore | ₹5,533 crore | ₹3,245 crore |
| Loss before tax | (₹846 crore) | (₹306 crore) | (₹1,414 crore) | (₹375 crore) |
| Total comprehensive loss | (₹838 crore) | (₹338 crore) | (₹1,378 crore) | (₹345 crore) |
| Loss per equity share (Basic) | (₹1.92) | (₹0.75) | (₹3.07) | (₹0.79) |
Financial Performance Overview
Ola Electric Mobility Limited disclosed its financial results for the period ending September 30, 2026. The company reported a total consolidated income of ₹2,460 crore for the quarter, marking a significant increase from ₹1,652 crore in the corresponding period of the previous year. For the six months ended September 30, 2026, the total income stood at ₹4,119 crore, compared to ₹2,870 crore in the prior year.
Expenses and Net Loss
Despite the rise in income, total consolidated expenses for the quarter reached ₹3,245 crore, leading to a reported loss before tax of (₹846 crore) for the quarter ended September 30, 2026. This contrasts with a loss before tax of (₹306 crore) in the same quarter of the previous year. Consequently, the total comprehensive loss for the quarter was (₹838 crore).
Earnings Per Share
The basic earnings per equity share for the quarter ended September 30, 2026, was (₹1.92), a decrease from (₹0.75) in the previous year’s quarter. For the six-month period, the basic earnings per equity share was (₹3.07), compared to (₹0.79) for the corresponding period last year.
Consolidated Segment Information
The company’s operations are primarily divided into two reportable segments: “Automotive” and “Cell.” The “Automotive” segment includes the sale of automobiles and related services, while the “Cell” segment encompasses the sale of cells. The financial performance reflects the contributions of these distinct business verticals. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS).
Going Concern Assessment
The management has assessed the company’s ability to continue as a going concern, considering factors such as cash reserves, projected future operating cash flows, credit limits, and proceeds from a recent rights issue. The company believes it can meet its liabilities and continue operations for the foreseeable future.
Subsequent Events
Subsequent to the quarter ended September 30, 2026, Ola Electric Mobility Limited’s Holding Company has allotted approximately ₹1,000 crore through a rights issue to strengthen liquidity and support financial commitments.
IPO Proceeds Utilization
The company has provided an update on the utilization of its Initial Public Offering (IPO) proceeds as of September 30, 2026. A significant portion of the ₹5,275 crore raised has been allocated towards capital expenditure, R&D, and general corporate purposes. As of September 30, 2026, ₹5,139 crore has been utilized, with ₹136 crore remaining.
Source: BSE
