Ola Electric reported its lowest consolidated net loss in seven quarters at Rs 336 crore for the quarter ended June 2026 (Q1FY27), helped by a sharp reduction in operating expenses, even as revenues fell by 45% year-on-year to Rs 455 crore due to poor vehicle sales. Consolidated operating expenses fell 35% year-on-year to Rs 333 crore, helping the company reduce its operating EBITDA loss to Rs 165 crore from Rs 237 crore in the same quarter last year. The EBITDA loss was broadly in line with the Bloomberg estimate of Rs 166 crore, while the net loss came in lower than analysts’ estimate of Rs 385 crore.