Ola Electric Mobility Limited has announced the outcome of its Board meeting held on February 13, 2026. The Board considered and approved the Unaudited Standalone and Consolidated Financial Results for the third quarter and nine months ended December 31, 2025. The results were accompanied by the Limited Review Report from BSR & Co. LLP. Furthermore, the company confirmed that the trading window for securities will reopen 48 hours after the declaration of these results.
Board Meeting Outcome and Financial Declarations
The Board of Directors of Ola Electric Mobility Limited convened on February 13, 2026, and concluded its meeting between 03:00 PM (IST) and 03:45 PM (IST). The primary action taken was the consideration and approval of the Unaudited Standalone and Consolidated Financial Results for the period ending December 31, 2025. The Limited Review Report issued by BSR & Co. LLP, Chartered Accountants, was also approved and enclosed with the filing.
Key Financial Highlights (Standalone Basis)
The standalone statement for the quarter ended December 31, 2025, showed total income of ₹504 crores against total expenses of ₹741 crores, resulting in a loss before exceptional items and tax of (₹487 crores). For the nine months ended the same date, total income stood at ₹2,156 crores, while total expenses reached ₹2,699 crores, leading to a loss before tax of (₹1,333 crores). Basic and diluted earnings per share for the nine-month period were reported as (₹3.02) and (₹3.02), respectively.
Key Financial Highlights (Consolidated Basis)
On a consolidated basis for the quarter ended December 31, 2025, total segment income was reported as ₹504 crores against total costs of ₹936 crores (Total Expenses (IV) ₹741 crores + Finance costs/Depreciation ₹195 crores), yielding a segment loss before tax of (₹289 crores). For the nine months ended December 31, 2025, consolidated total income reached ₹2,156 crores, against total costs of ₹3,489 crores, resulting in a segment loss before tax of (₹783 crores).
Going Concern and IPO Utilization Update
Management continues to assert its going concern assumption based on projected cash flows, available balances, and credit limits. The review of the utilization of Net IPO proceeds as of December 31, 2025, shows that ₹3,772 crores out of the total ₹5,275 crores have been utilized. Notably, for the standalone entity, the repayment or prepayment of indebtedness incurred by Ola Electric Technologies Private Limited (initially budgeted at ₹800 crores) has been fully utilized (₹800 crores).
Regulatory Matters and Future Outlook
The notes detail the company’s continued assessment of emerging regulatory requirements, including the Extended Producer Responsibility (EPR) for End of Life Vehicles and the Battery Waste Management Rules, 2022, where cost estimation remains challenging due to pending guidance. Furthermore, the company provided clarification to stock exchanges regarding vehicle sales announcements, emphasizing that revenue recognition occurs upon delivery and registration, not merely booking.
Trading Window Status
In continuation of prior intimation, the company confirms that the trading window for securities will re-open 48 hours after the declaration of these Financial Results.
Source: BSE
