A block deal was witnessed in the stock, with 15 lakh shares worth ₹7 crore changing hands during the day.
Ola Electric 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 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 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’.
