Ola Electric Narrows Q3 Loss, Margins Improve Amidst Structural Reset

• Ola Electric Mobility Limited reported a narrower Q3 FY26 net loss of ₹487 crore, down from ₹564 crore a year earlier.
• Revenue from operations fell 55% year-on-year to ₹470 crore, reflecting an operational reset.
• EBITDA loss narrowed to ₹270 crore compared to ₹460 crore in the same quarter last year.
• The company achieved a record consolidated gross margin of 34.3%, driven by vertical integration and improved unit economics.
• Operating expenditure reduced to ₹484 crore from a peak of ₹840 crore, with plans to further lower it to ₹250–300 crore.