Ola pares revenue guidance by a third to near ₹3,000 cr

The Bhavish Aggarwal-led company has cut back expectations as two-wheeler sales shrank

- Ayaan Kartik

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.