New Delhi, Nov. 6 -- Ola Electric share price was locked in a 5% lower circuit of Rs.47.56 apiece on the BSE, after the company reported its Q2 results and also cut its revenue and margin guidance for the full year.

Ola Electric Mobility, the electric vehicle (EV) manufacturer, reported a net loss of Rs.418 crore in the second quarter of FY26, narrowing from a loss of Rs.495 crore posted in the year-ago quarter.

The company's revenue from operations in Q2FY26 declined 43% to Rs.690 crore from Rs.1,214 crore, year-on-year (YoY).

At the operational level, EBITDA loss during the September quarter decreased to Rs.203 crore from an EBITDA loss of Rs.379 crore, YoY.

For H2FY26, the company targets total auto deliveries of approximately 100,...