Ola Electric Mobility Limited has informed the Exchange regarding Board meeting held on February 13, 2026.
OLAELEC · price
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Awaiting price reaction for this filing.
Ola Electric reported a sharp revenue decline for Q3 FY26, with consolidated revenue from operations falling to INR 470 crores from INR 690 crores in Q2 FY26 and INR 1,045 crores in Q3 FY25 — roughly a 55% year-on-year drop. For the nine months ended December 31, 2025, revenue stood at INR 1,988 crores versus INR 3,903 crores in the same period last year, a steep ~49% decline. The company posted a consolidated net loss of INR 487 crores for the quarter and INR 1,333 crores for nine months, with EPS at INR (1.10) and INR (3.02) respectively. The auditor (B S R & Co. LLP) highlighted a going concern emphasis, noting negative operating cash flows of INR 866 crores for nine months due to continued operating losses and lower-than-expected sales growth. The company plans to raise up to INR 1,500 crores via equity or convertible securities, and has also reallocated unutilized IPO proceeds (INR 1,503 crores still unutilized) to debt repayment and organic growth.
Sharp revenue erosion and widening losses are likely to weigh heavily on the stock, especially with the auditor explicitly flagging going concern risk and management exploring a fresh fund raise that could dilute existing shareholders. Investors should brace for near-term volatility and assess whether the company can stabilize volumes and improve margins before sentiment recovers.