New Delhi, Nov. 13 -- Ola Electric Mobility Ltd's September quarter (Q2FY27) brought no relief, with the electric two-wheeler maker reporting a higher-than-expected consolidated Ebitda loss of Rs.218 crore. The company's revenue was down 39% year-on-year to Rs.421 crore.

Ola's revenue has shrunk from about Rs.5,000 crore in FY24 to Rs.2,250 crore in FY26. H1FY27 revenue declined 42% year-on-year to Rs.875 crore. The revenue plunge reflects Ola's move from a high-growth, company-owned, direct-to-consumer (D2C) model to a dealership-based model.

The transition is yet to translate into better quarterly operating performances. Ola needs this shift to yield the desired results in terms of recovering volumes and protecting profit margins.

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