Ola Electric Mobility narrowed its consolidated loss to Rs 336 crore in Q1 FY27, from Rs 428 crore a year earlier and Rs 500 crore in the previous quarter.
The EV company's revenue from operations declined 45% to Rs 455 crore in Q1 FY27 as compared to Rs 828 crore a year ago.
The Bhavish Aggarwal-led company said its registrations grew 97% quarter-on-quarter, outpacing the broader electric two-wheeler (E2W) market, which grew 17%.
“Our market share increased from 5.1% in Q4 FY26 to 8.4% in Q1 FY27, while Auto revenue rose 72% quarter-on-quarter,” the company said in a statement.
Ola Electric also reported an EBITDA loss of Rs 165 crore, compared to Rs 237 crore a year earlier.
