Ola Electric's Deliveries Plummet 61% YoY, Losses Widen Amid Deepening Cash Burn

• Ola Electric's deliveries dropped 61% year-over-year, with revenue falling 55% from Q3 FY25 to Rs 470 crore in Q3 FY26.
• Vehicle deliveries decreased to 32,680 units in Q3, down 38% sequentially and 61% year-over-year.
• Consolidated net loss widened 16.5% quarter-on-quarter to Rs 487 crore, while adjusted operating EBITDA loss rose 25% to Rs 323 crore.
• Gross margin improved to 34.3% in Q3 FY26, but gross profit declined 24.4% sequentially.
• Cash and cash equivalents decreased 31.4% to Rs 1,991 crore, indicating continued cash burn.