Ola Electric changes tack to profitability push as loss grows in Q1

Ola Electric shifts its focus towards profitability after a disappointing June quarter, marked by a revenue decline and increased losses. The company is prioritizing operational stability and margin improvement over aggressive expansion. While projecting flat revenue for the current fiscal year, Ola Electric anticipates improved auto business margins and profitability by the September quarter of FY26, driven by production-linked incentives.