Ola Electric Q3 FY26 Financial Performance: Revenue Falls, Loss Narrows
| Metric | Q3 FY26 | Q3 FY25 | YoY Change |
|---|---|---|---|
| Consolidated Revenue (₹ crore) | 470 | 1,045 | -55% |
| Net Loss (₹ crore) | 487 | 564 | Narrowed |
(With Inputs)
Bhavish Aggarwal
Ola Electric Shares Bounce 5% As Bhavish Aggarwal Dodges Arrest Warrant
Investors got a sudden jolt of relief on February 18 as Ola Electric shares jumped around 5%, climbing to ₹29.35, snapping a four-day losing streak. And what is the reason behind this jump? You will have to believe that CEO Bhavish Aggarwal dodged a bullet of arrest and breathed easy after the Bombay High Court at Goa stayed an arrest warrant issued by the District Consumer Commission of South Goa.
Bhavish, often seen steering Ola Electric’s growth like a pro, now also slips out of a legal speed bump. The warrant had stemmed from a customer complaint about the Ola S1 Pro Second Gen scooter, demanding a refund and compensation. But the court observed that the commission overstepped its jurisdiction under the Consumer Protection Act-a legal twist that investors clearly liked.
For the market, it was a clear signal: Bhavish’s courtroom drama isn’t stopping Ola’s stock from revving up. Traders, take note-sometimes it’s the people behind the wheel, not just the numbers, that steer share prices!
The CEO of Ola Electric, Bhavish Aggarwal, entered a difficult situation after customer Pritesh Chandrakant Ghadi filed a complaint about his ₹1.47 lakh Ola S1 Pro Second Gen scooter. The scooter developed multiple problems, including motor noises and touchscreen glitches, and then it apparently disappeared from the Vasco, Goa, service center. Ghadi’s extra payments for services and ongoing follow-ups did not resolve any issues.
The District Consumer Commission summoned Bhavish to present evidence about the case after the scooter disappeared. The court issued a bailable warrant for ₹1,47,499 through the Bangalore police after he failed to appear at the February 4 hearing.
Investors and Ola enthusiasts watched closely, realizing that sometimes it’s the scooter stories, not spreadsheets, that shake markets.
Ola Electric responded to legal issues by providing information showing that the District Consumer Commission of South Goa exceeded its authority by issuing the warrant under the Consumer Protection Act.
“exceeded its jurisdiction under the Consumer Protection Act in issuing the warrant.” “The Company requests that due note be taken of the aforesaid factual legal position,” it added.
The authorities issued the warrant because Bhavish Aggarwal, the CEO, supposedly did not attend a court session about a customer dispute regarding the Ola S1 Pro Second Gen scooter, which requested ₹1.47 lakh and an additional ₹50,000 for mental distress and harassment.
Who knew being a CEO meant juggling scooters, courtrooms, and customer drama all at once?
| Metric | Q3 FY26 | Q3 FY25 | YoY Change |
|---|---|---|---|
| Consolidated Revenue (₹ crore) | 470 | 1,045 | -55% |
| Net Loss (₹ crore) | 487 | 564 | Narrowed |
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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