Ola Electric shares jump 10% on sequential earnings growth and FY26 guidance boost
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.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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