India, Aug. 7 -- EV major Ola Electric managed to trim its net loss for the June quarter (Q1 FY27) by 22% to Rs.336 Cr from Rs.428 Cr in the year-ago quarter. On a sequential basis, loss declined 33% from Rs.500 Cr.

Operating revenue declined 45% to Rs.455 Cr from Rs.828 Cr in Q1 FY26. However, it rose 72% from Rs.265 Cr on a QoQ basis.

Including other income of Rs.29 Cr, total income for the quarter stood at Rs.484 Cr.

Meanwhile, total expenses declined 42% YoY to Rs.620 Cr.

In its shareholder letter, Ola Electric said the June quarter marked the first full quarter after its operational reset in FY26, with registrations rising 97% QoQ compared to a 17% growth in the broader electric two-wheeler market. It said its market share improv...