Ola Electric Mobility shares zoom as Q1 loss narrows sequentially to Rs 428 crore

Electric scooter maker Ola Electric Mobility (OLAELEC) on Monday reported a consolidated net loss of Rs 428 crore for the quarter ended June 30, narrowing from a net loss of Rs 870 crore for the previous three months. The latest quarterly loss, however, was wider than Rs 347 crore for the corresponding period a year ago.  

Ola Electric shares surged minutes after the results announcement. The stock soared as much as 17.6 per cent to Rs 46.8 apiece on BSE, snapping a five-day losing streak. 

The company's revenue came in at Rs 828 crore for the April-June 2025 period, marking a 35.5 per cent increase sequentially, according to a regulatory filing. 

However, the revenue was down 49.6 per cent on a year-on-year basis. 

Ola Electric Mobility Q1 FY26 Results | Segment Revenue

Revenue from its core automotive division stood at Rs 826 crore for the quarter ended June 30, as against Rs 611 crore for the fourth quarter of the previous financial year. 

Revenue from its cell unit was at Rs 3 crore, as against Rs 4 crore for the March quarter. 

Ola Electric Mobility Guidance

The electric two-wheeler maker has guided for revenue of Rs 4,200-4,700 crore for the financial year ending March 31, 2026. 

For FY25, its revenue stood at Rs 4,665 crore.

Margin

Ola Electric has forecast improved gross margins for FY26. 

It expects its gross margin to rise to 35-40 per cent for the current financial year, up from 20.5 per cent last year.

Ola shares

The Ola Electric Mobility stock entered the listed space in August last year. 

At Friday's closing price, Ola shares stood at a discount of 47.6 per cent to its issue price.

Ola shares have staged wild swings since peaking out in August following a muted listing on the bourses.

As of Friday, the stock has gyrated in a range of Rs 118, between Rs 39.6 and Rs 157.4, apiece on BSE.