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Ola pares revenue guidance by a third to near ₹3,000 cr
Mint Kolkata
|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.
यह कहानी Mint Kolkata के November 07, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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