Ola Electric’s Engine Stalls, PayU India Nets $35 Mn & More

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Ola Electric’s Growth Engine Stalls

After a turbulent year, Ola Electric finally breathed a sigh of relief as its auto business turned EBITDA positive in June. However, intensifying competition and dwindling market share played a spoilsport, yet again, as the listed EV maker’s loss-making spree continued in Q1 FY26.

The OEM’s net loss zoomed 23% YoY to INR 428 Cr in Q1 FY26 while operating revenue crashed 50% YoY to INR 828 Cr. However, losses nearly halved from INR 870 Cr in Q4 FY25 while top line jumped 35.5% sequentially from INR 611…



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Ola Electric’s Engine Stalls, PayU India Nets $35 Mn & More


Ola Electric’s Growth Engine Stalls

After a turbulent year, Ola Electric finally breathed a sigh of relief as its auto business turned EBITDA positive in June. However, intensifying competition and dwindling market share played a spoilsport, yet again, as the listed EV maker’s loss-making spree continued in Q1 FY26.

The OEM’s net loss zoomed 23% YoY to INR 428 Cr in Q1 FY26 while operating revenue crashed 50% YoY to INR 828 Cr. However, losses nearly halved from INR 870 Cr in Q4 FY25 while top line jumped 35.5% sequentially from INR 611…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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