Ola Electric, led by Bhavish Aggarwal, has shown a major change in its business this year. In the first quarter of financial year 2026, the company’s losses dropped by a large amount. The auto EBITDA margin, which measures earnings before interest, tax, and other costs, improved from –90.6% in the last quarter of FY25 to –11.6% now. This means Ola Electric’s loss from its main operations went down from ₹554 crore to ₹96 crore.
The company’s profit from selling each scooter also increased a lot. In financial year 2023, Ola Electric made about ₹4,000 on each scooter it sold. Now, in the first quarter of FY26, this number is ₹31,000 per scooter. This big jump is because of better pricing, cutting costs, and making their work more efficient.
The company also improved its overall business results. The total EBITDA loss for all activities shrank from ₹695 crore (–113.9%) to ₹237 crore (–28.6%). This shows Ola Electric is moving closer to making a profit.
Ola Electric’s sales have become stronger too. The company sold 68,000 scooters in the first quarter of FY26, up from 51,000 the quarter before. At the same time, its share of the electric two-wheeler market grew from 18.5% to 19.6%. This means they are selling more scooters while getting back some of the market they had lost to other companies.
The big improvements come from several changes. Ola Electric released a new type of scooter (Gen 3) which is more popular and costs less to maintain. About 80% of their sales in the quarter came from this new model. The company also started making its own parts, like batteries, which helped bring costs down even further. They also spent less money on running their business. Their monthly auto operating costs went from ₹178 crore to just ₹105 crore.
Ola Electric’s income in the quarter was ₹828 crore, which is up from ₹611 crore the quarter before. This shows a steady growth in money coming in. Even though they are still building up after a slow period, the numbers show a positive change.
Here are some key numbers for quick reference:
| Metric | Q4 FY25 | Q1 FY26 |
|---|---|---|
| Revenue (₹ crore) | 611 | 828 |
| Units Sold | 51,000 | 68,000 |
| Auto EBITDA Margin | –90.6% | –11.6% |
| Total EBITDA Loss (₹ cr) | 695 | 237 |
| Gross Margin Per Scooter (₹) | 4,000 (FY23) | 31,000 |
Ola Electric plans to keep improving. The company will soon launch electric vehicles using its own special battery, and new motors that are less costly and more eco-friendly. It also hopes to sell more vehicles and keep costs even lower through the rest of FY26.
In summary, Ola Electric has worked hard to lose less money and become stronger in the market. The increase in profits per scooter, the drop in total losses, and better sales numbers show that the company is on a better path now. This quarter marks an important stage in Ola Electric’s plan to be a major name in India’s electric vehicle industry.
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