Ola Electric Mobility Q1 Results: Stock jumps 8% after earnings improve from March quarter

Ola Electric Mobility Ltd., the manufacturer of electric vehicles, expects its revenue in financial year 2026 to be between ₹4,200 crore to ₹4,700 crore, the company said along with its earnings statement on Monday, July 14. This implies revenue growth of negative 7% to positive 4% from financial year 2025.

It expects volumes to be between 3.25 lakh to 3.75 lakh units, with gross margins ranging between 35% and 40%, aided by Production-linked Incentives (PLI) benefits.

Ola Electric Mobility reported its results for the June quarter, where is net loss widened and revenue halved compared to the year-ago quarter.

The company reported a net loss of ₹428 crore, which is wider than the net loss of ₹347 crore, it had reported during the same quarter last year.

Revenue for the quarter halved on a year-on-year basis, declining 50% to ₹828 crore from ₹1,644 crore during the year-ago quarter.

On a consolidated basis, Ola Electric's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at a loss of ₹237 crore, which is wider than the EBITDA loss of ₹205 crore that the company had reported during the same quarter last year.

However, when compared on a sequential basis, Ola Electric's net loss was narrower, in comparison to the ₹870 crore loss it had reported during the March quarter. Revenue also saw growth from the ₹611 crore figure reported during the March quarter.

Ola Electric mentioned in its post-earnings statement that the auto segment turned positive on an EBITDA level in the month of June and that cash generation in this segment is 'within reach'.

The company intends to launch vehicles with 4,680 in-house cells in the ongoing quarter, with deliveries by Navratri.

In other news, the Maharashtra State Transport Department has flagged concerns over the operations of Ola Electric stores in the state, revealing that around 350 outlets are functioning without proper permissions or licences.

Shares of Ola Electric Mobility are trading 8% higher after the earnings announcement at ₹42.8. The stock is down 47% from its IPO price of ₹76 and down 75% from its post-listing high of ₹157.

Also Read: Ola Electric stores under scanner in Maharashtra for lacking licences: Transport Commissioner