Ola Electric reports narrower quarterly loss as lower costs offset sales slump
The Indian e-scooter maker reported a loss of 4.87 billion rupees for the December quarter. Lower manufacturing costs helped offset a decline in sales.
Insights:
Ola Electric reported a narrower quarterly loss for the October-December quarter, posting a loss of 4.87 billion rupees compared with 5.64 billion rupees a year earlier. The company announced these results on February 13, 2026, noting that lower manufacturing costs for its new models partly offset a slump in sales. The reported profitability for the quarter was also affected by a one-time charge of 50.7 million rupees.
