Debasis Mohapatra
Bengaluru, 13 November 2026
Ola Electric shares are on investors’ radar after the company posted a weak set of numbers for the second quarter of FY27.
During Q2 of FY27, the company’s net losses came down despite fall in revenue. The consolidated net loss of the company stood at Rs 362 crore during July-September period of 2027, compared with a loss of Rs 418 crore reported in the corresponding quarter last fiscal year.
However, revenue from operations declined 39% year-on-year (YoY) basis to Rs 421 crore in Q2 of FY27 from Rs 690 crore reported a year ago.
Its operating loss also widened to Rs 218 crore during this period as compared to Rs 203 crore reported a year-ago period.
According to the exchange filing, the automotive business of Ola contributed Rs 420 crore to its revenue, while the cell business generated Rs 3 crore inter-segment revenue.
As far as operating (EBITDA) loss is concerned, the automotive business reported an operating EBITDA loss of Rs 120 crore, which was 2.6 times more than the loss reported a year-ago. However, the cell business narrowed its operating EBITDA loss by 36% YoY to Rs 32 crore.
Change in distribution strategy:
To reduce losses, the company has adopted changes in its operating model. The company has now replaced its distribution model from company-owned and operated stores to third-party dealer stores. Since August 2026, the company has started opening dealer stores and onboarded more than 255 dealer partners with more than 300 stores being operated through franchise model. It is targeting 450 stores by December 2026 and 700 by March 2027.
Ola Electric has also stopped accepting orders through its D2C stores since November 1. As per the company, most company-owned stores are expected to close by December. Many see this step will reduce fixed cost for the company, improving its profitability and sales numbers in the coming quarters.
