Ola Electric shares surged 10% after the company reported better earnings on a sequential basis and shared its FY26 outlook.
The EV maker projects gross margins of 35-40% with support from the PLI scheme. Volume guidance stands at 3.25–3.75 lakh units, while revenue is expected to be in the ₹4,200–4,700 crore range. Despite a slight revenue growth band of -7% to +4%, investor sentiment turned positive.
The company also announced that production of its 4680 in-house battery cells has begun, with deliveries targeted around Navratri.
Q1 FY26 Earnings Snapshot (YoY):
Ola Electric posted a net loss of ₹428 crore, compared to a loss of ₹347 crore a year ago. Revenue fell sharply by 50% to ₹828 crore from ₹1,644 crore in Q1 FY25. EBITDA loss widened to ₹237 crore versus ₹205 crore in the same period last year. However, losses narrowed on a QoQ basis.
Ola Electric Mobility shares opened at ₹39.92 today, touched a high of ₹44.19 and a low of ₹39.60 during the session. The stock’s 52-week high stands at ₹157.40, while the 52-week low is ₹39.60.
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