Ola Electric Stock Zooms 9% After Company Reports Q1 Result; Net Loss At Rs 427 Crore; Revenue Increases

Ola Electric Q1 Result: Ola Electric Mobility Limited, on Monday, reported a net loss of Rs 427 crore for the first quarter of financial year 2025-26 (FY26), which is higher than Rs 347 crore reported in the year-ago period. However, the Bhavish Aggarwal-founded e-mobility company reported a sequential decline in its net loss.

Ola Electric Mobility shares surged more than 9% to touch an intraday high mark of Rs 43.60 per share on BSE on Monday. Ola Electric Mobility shares were trading 0.73% higher at Rs 40.11 per share on BSE on Monday at 10:50 am with a market capitalisation of Rs 17,691.84 crore. The stock opened higher at Rs 39.92 per share on BSE.

Ola Electric Mobility Q1 Result

Ola Electric Mobility reported a net loss of Rs 428 crore, which was lower compared to Rs 827 crore reported in the fourth quarter of financial year 2024-25. The company's net loss stood at Rs 347 crore in the year-ago-period.

The company's net revenue saw a decline on a year-on-year, but an increase on sequential basis. Company's consolidated revenue stood at Rs 828 crore during the quarter under review, which was higher than Rs 611 crore reported in the fourth quarter of previous FY. Its revenue from operations stood at Rs 1,644 crore in the year-ago-period.

Coming to Ola Electric's profitability, the company's earnings before interest, tax, depreciation and amortisation (EBITDA) stood at a loss of Rs 237 crore, which was wider than EBITDA loss of Rs 205 crore reported during the same quarter in previous financial year.

Improvement In Auto Segment

The company witnessed a significant improvement in its auto segment performance as the EBITDA in this segment improved sharply from -90.6% in Q4FY25 to -11.6% in the quarter under review. The consolidated EBITDA also surged to -28.6% in the first quarter of financial year 2025-26.

According to Ola Electric Mobility's press release, its Project Lakshya, a company cost optimisation initiative, has driven significant operating efficiencies, reducing monthly auto opex from Rs 178 crore to Rs 105 crore.

EV Market Growth

Works are underway for the development of in-house ABS-equipped products (S1 Pro+) for the market launch. The company has fixed the target of January 2026 for the transition timeline.

Ola Electric Mobility FY26 Outlook

In its FY26 outlook, the company has fixed a target of sellig around 3,25,000 to around 3,75,000 vehicles and generate a revenue of Rs 4,200-4,700 crore. The company expects its gross margin to rise by 35%-40% and it also anticipates full-year auto EBITDA of above 5%. The company also expects the auto business to remain EBITDA positive from Q2 onwards.

The company is also likely to focus on the production and sales of its newly launched model. Ola Electric Mobility's Gen 3 scooter accounted for 80% of total scooter sales during the first quarter of the financial year 2025-26. The company claims that these scooters have significantly reduced warranty claims, which reflects Ola Electric Mobility's focus on engineering improvements.