Ola Electric narrowed its net loss despite a revenue drop and lower deliveries, thanks to cost cuts and vertical integration.

Ola Electric reported a narrowed net loss of ₹487 crore in Q3 FY26, down from ₹564 crore a year earlier, despite a 55% revenue drop to ₹470 crore and 32,680 vehicle deliveries. The company achieved a lower EBITDA breakeven point of 15,000 units monthly, reduced operating expenses to ₹484 crore, and expanded in-house battery production. Ola attributed the results to a "structural reset" involving cost cuts, retail network streamlining, and vertical integration, while its stock hit a 52-week low.