Electric vehicle (EV) maker Ola Electric said on Friday its auto business has turned profitable in the second quarter of fiscal year 2026.
The Bhavish Aggarwal-led company reported that its consolidated loss narrowed to Rs 418 crore, compared to a loss of Rs 495 crore a year ago. The company said its consolidated total revenue from operations for the second quarter of FY26 stood at Rs 690 crore, reflecting a 43% year-on-year (YoY) decline compared to Rs 1,214 crore reported in the September 2024 quarter.
While announcing first-quarter results in July, Aggarwal had said that the company was moving away from aggressive expansion, and towards profitability and operational stability.
The Bhavish Aggarwal-led company reported that its consolidated loss narrowed to Rs 418 crore, compared to a loss of Rs 495 crore a year ago. The company said its consolidated total revenue from operations for the second quarter of FY26 stood at Rs 690 crore, reflecting a 43% year-on-year (YoY) decline compared to Rs 1,214 crore reported in the September 2024 quarter.
While announcing first-quarter results in July, Aggarwal had said that the company was moving away from aggressive expansion, and towards profitability and operational stability.
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