The company reported a net loss of ₹336 crore for Q1 FY27, compared with a loss of ₹426 crore in the year-ago quarter.
Revenue, however, declined 45% year-on-year to ₹455 crore, from ₹828 crore a year earlier. EBITDA loss narrowed to ₹165 crore, compared with an EBITDA loss of ₹237 crore in Q1 FY26.
Ahead of the earnings announcement, shares of Ola Electric Mobility closed at ₹41.07 on the BSE, down 0.92%.
Registrations nearly double sequentially
The company’s vehicle registrations showed a significant improvement through the quarter. VAHAN registrations rose to 43,719 units in Q1 FY27, nearly doubling from 22,252 units in Q4 FY26, a sequential increase of around 97%.
June registrations stood at 16,144 vehicles, which the company described as its strongest monthly performance in recent quarters.
Ola Electric attributed the improvement to stronger customer demand, better product availability and improvements in retail execution, following operational initiatives undertaken over the past few quarters.
“The sustained momentum reflects the success of our operational improvements, strong product portfolio and continued customer preference for Ola Electric,” the company said.The company said the June performance reinforced its position in India’s growing electric two-wheeler market.
Focus remains on EV adoption
Ola Electric said it remains focused on expanding electric vehicle adoption through its vertically integrated technology and manufacturing platform, battery technology, manufacturing scale and direct-to-customer distribution network.
The company also pointed to structural growth in India’s electric two-wheeler market, citing increasing consumer preference for electric mobility, favourable ownership economics compared with internal combustion engine vehicles, and rising awareness around energy security and sustainability.
For Ola Electric, the quarter therefore presented a mixed picture: registrations gained momentum sequentially and losses narrowed, while revenue remained significantly below the year-ago level.
