Versuchen GOLD - Frei
Ola pares revenue guidance by a third to near ₹3,000 cr
Mint Hyderabad
|November 07, 2025
The Bhavish Aggarwal-led company has cut back expectations as two-wheeler sales shrank
Ola Electric is betting on battery energy storage system business, Ola Shakti, to cushion the dip in two-wheeler sales.
(REUTERS)
Bhavish Aggarwal-led Ola Electric Mobility Ltd has cut its FY26 revenue expectations by a third to ₹3,000-3,200 crore, just three months after it guided for ₹4,200-4,700 crore, on falling two-wheeler sales.
The company, which reported revenue of ₹4,514 crore last fiscal year, expects its battery energy storage system (BESS) business, Ola Shakti, to provide a ₹1,000 crore cushion in FY27 amid falling income from the two-wheeler business.
In the September quarter, its loss narrowed to ₹418 crore from ₹495 crore in the year-ago period. Its revenue saw a 42% slump to ₹756 crore.
The downward revision follows the company's September announcement that its board had approved a ₹1,500 crore fundraise.
Diese Geschichte stammt aus der November 07, 2025-Ausgabe von Mint Hyderabad.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint Hyderabad
Mint Hyderabad
Saudi firms paring back pay premiums
Saudi firms are scaling back generous salary premiums that once lured top foreign talent into sectors such as construction and manufacturing as the kingdom reins in spending and reorders economic priorities, four recruiters told Reuters.
1 min
November 17, 2025
Mint Hyderabad
In India's car labs, Chinese models new benchmark
Walk into the vehicle development centre of any major Indian carmaker and you'll find dozens of rival cars stripped to their bones, engineers poring over every exposed circuit, nut and wire. Such 'benchmark-ing' helps companies understand why some models work while others don't, track technology trends, and plan their own vehicle roadmaps.
1 min
November 17, 2025
Mint Hyderabad
Centre weighs consolidation of public sector general insurance firms
least some quarters of FY25, bringing the consolidation plan back on the agenda.
2 mins
November 17, 2025
Mint Hyderabad
Positives in IT, but fears remain
More than half of FY26 is out of the way, but for India's information technology (IT) companies, revenue visibility remains murky. Investors are swinging between hope and despair, as a recovery in revenue growth gets delayed.
2 mins
November 17, 2025
Mint Hyderabad
PHYSICS WALLAH: SEEKING MOMENTUM IN THE SOUTH
The company lacks mass and velocity in the region. Will the IPO proceeds help it accelerate?
9 mins
November 17, 2025
Mint Hyderabad
India eyes standardized protein-rich food basket to boost TB recovery
India is working to standardize the nutritional support for tuberculosis (TB) patients and their family members through a regional food basket, according to two officials and documents reviewed by Mint.
1 mins
November 17, 2025
Mint Hyderabad
Jaishankar meets Qatar's leaders
External affairs minister S. Jaishankar on Sunday met Qatar's top leadership in Doha and discussed major aspects of the bilateral relationship, including energy and trade, as well as regional and global issues.
1 min
November 17, 2025
Mint Hyderabad
Urban co-op lenders eye online banking
The National Urban Cooperative Financial and Development Corp. Ltd (NUCFDC)—the umbrella body for India’s urban cooperative banks (UCBs)—plans to request the banking regulator to allow smaller UCBs with net worth below ₹50 crore to offer digital services, including internet banking.
1 min
November 17, 2025
Mint Hyderabad
DO YOU OWN PAPER OR GOLD? THE CRITICAL FINE PRINT ON SGBS
Ow Bertie is quite chuffed that he owns Sovereign Gold Bonds (SGBs).
2 mins
November 17, 2025
Mint Hyderabad
Pollution season fuels clean-air tech startups
Pollution spike is driving demand for purifiers, mask and clean-air devices
2 mins
November 17, 2025
Listen
Translate
Change font size