Ola Electric Q3: Loss Narrows by ₹77 Cr, Revenue Dips by ₹575 Cr Amidst 'Structural Reset'

• Ola Electric reported a consolidated loss reduction of ₹77 crore, from ₹564 crore to ₹487 crore, in Q3 FY26.
• Consolidated revenue saw a significant drop of ₹575 crore, from ₹1045 crore to ₹470 crore.
• The company achieved a record 34.3% consolidated gross margin, highest in the industry, and reduced operating expenses from ₹840 crore to ₹484 crore.
• EBITDA loss decreased from ₹460 crore to ₹270 crore, with the breakeven point now at approximately 15,000 units per month.
• Service backlog halved, 80% requests completed same day; Gigafactory doubled cell production and began commercial use of 4680 "Bharat Cell".