Ola Electric Mobility Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a total income of ₹484 crore and a loss before tax of ₹336 crore. The results also include a limited review report from its statutory auditors and details the appointment of TRC Corporate Consulting Private Limited as its Internal Auditor.
Ola Electric Mobility Reports Q1 FY27 Financials
Ola Electric Mobility Limited has officially disclosed its financial performance for the first quarter of the fiscal year 2027, ending on June 30, 2026. The company announced a total income of ₹484 crore for the period. The financial results also indicate a loss before tax amounting to ₹336 crore.
Key Approvals and Appointments
At its board meeting held on August 7, 2026, the company’s Board of Directors considered and approved the unaudited standalone and consolidated financial results. Additionally, the appointment of TRC Corporate Consulting Private Limited as the Internal Auditor for the Financial Year 2026-27 was approved, based on the recommendation of the Audit Committee. The board meeting commenced at 03:15 PM IST and concluded at 04:00 PM IST.
Auditor’s Review
The unaudited financial results are accompanied by a Limited Review Report issued by M/s. B S R & Co. LLP, Chartered Accountants. The report highlights a qualified conclusion on the consolidated financial results due to an unresolved matter concerning a potential waiver of liquidated damages from the Ministry of Heavy Industries.
Segment Performance Overview
The consolidated segment information reveals the performance breakdown across its primary segments: ‘Automotive’ and ‘Cell’. For the quarter ended June 30, 2026, the Automotive segment reported revenue from operations of ₹455 crore, while the Cell segment reported ₹4 crore. The total revenue from operations for the group stood at ₹455 crore.
Total expenses for the quarter amounted to ₹620 crore, leading to a loss before finance costs, depreciation, amortization, and tax of ₹136 crore. After accounting for finance costs and depreciation, the loss before tax increased to ₹336 crore. The total comprehensive loss for the period attributable to owners of the company was also ₹336 crore.
Source: BSE
