Ola Electric Q1 Loss Narrows to ₹336 Crore Despite Revenue Dip

Ola Electric reported a net loss of ₹336 crore for Q1 FY27, a 22% improvement compared to the previous year, despite a 45% decline in overall revenue.

The company attributed the revenue drop to market fluctuations, but highlighted that increased EV scooter orders and improved operational efficiency helped narrow the bottom-line deficit.

Ola Electric is now focusing on scaling production to regain market share, with management projecting a stronger recovery in the upcoming quarters.