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Ola fixing its issues, but road to better volumes is stretched
February 19, 2026
|Mint Mumbai
Ola Electric Mobility Ltd's shares fell to an all-time low of ₹27.36 on Tuesday after its December-quarter (Q3FY26) results underscored deeper operational strains—particularly around service quality and a high fixed-cost base.
Ola reported a Q3 net loss of ₹487 crore, and a revenue of ₹470 crore, which declined 55% year-on-year. Adjusted Ebitda margin (including lease expenses) fell to -69%, deom-47% in Q3FY25.
‘The culprit? The sharp 61% drop in sales volumes to 32,680 units. Thus, causing market share loss.
The management acknowledged that service issues significantly damaged brand trust, prompting potential customers to hold back purchases. The company also deliberately slowed sales in the short term to overhaul its service network, retail footprint and operating model.
هذه القصة من طبعة February 19, 2026 من Mint Mumbai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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