Ola Electric Q3: Revenue Dips, Expenses Soar, Net Loss Exceeds Income

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CNBC Awaaz•13-02-2026, 21:53
Ola Electric Q3: Revenue Dips, Expenses Soar, Net Loss Exceeds Income
- •Ola Electric faced a challenging Q3 with net loss exceeding total revenue and a sharp 67% increase in employee expenses to ₹92 crore.
- •Employee expenses accounted for 20% of Q3 revenue; company reduced workforce by 5% in January to improve profitability.
- •Attrition rate hit 54% during the year, indicating significant employee departures.
- •Company aims to increase cell manufacturing capacity at its Gigafactory from 2.5 GWh to 6 GWh by March 2026.
- •Net loss of ₹487 crore on ₹470 crore revenue in Q3; share price plummeted 80% since August 2024 listing.
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