New Delhi, Nov. 6 -- Bhavish Aggarwal-led Ola Electric Mobility Ltd has cut its 2025-26 revenue expectations by about a fourth to Rs.3,000- Rs.3,200 crore, just three months after it guided for Rs.4,200- Rs.4,700 crore, on falling two-wheeler sales.
The company, which reported revenue of Rs.4,514 crore in the last fiscal year, expects its battery energy storage system (BESS) business, Ola Shakti, to provide a Rs.1,000 crore cushion in 2026-27 amid falling income from the two-wheeler business.
In the September quarter, its loss narrowed to Rs.418 crore from Rs.495 crore in the year-ago period. Its revenue saw a 42% slump to Rs.756 crore.
The downward revision follows the company's September announcement that its board had approved a Rs....
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