Ola Electric Share Price Falls Over 6% After Q2 Results

Ola Electric Mobility's stock experienced a significant drop of over 6% during early trading on Friday after the company disclosed a substantial decrease in revenue for the Q2 2026 period. Despite reducing its losses, the electric two-wheeler manufacturer's shares opened 3.5% lower at ₹34.50, concluding a two-day winning streak and plummeting to a low of ₹33.48 during the trading day.

The National Stock Exchange (NSE) saw substantial trading activity, with more than 15 million shares valued at ₹55.63 crore exchanged within the first five minutes of trading. Ola Electric's financials for the July-September quarter revealed a consolidated net loss of ₹362 crore, a stark contrast to the ₹418 crore loss in the same period last year.

Revenue from operations experienced a steep decline of nearly 39%, dropping from ₹690 crore to ₹421 crore. Total expenses also decreased by approximately 28%, from ₹893 crore to ₹639 crore. The company's automotive division incurred a loss of ₹214 crore, a reduction from the ₹233 crore loss in the previous quarter. Ola Electric's restructuring of its retail network, replacing company-owned outlets with dealer-operated stores, is aimed at curbing operating expenses and enhancing distribution efficiency.

The first dealership opened on September 4, and the network expanded to 319 outlets by November 8. This strategic move is expected to contribute to the reduction of operating costs, which have already fallen by ₹50 crore as a result of the dealership closure. Investors are closely monitoring whether the dealership expansion and cost reductions lead to enhanced financial performance in future quarters.