Overview
- Ola Electric posted a consolidated Q1 net loss of ₹336 crore and reported revenue of ₹455 crore, a 45% year‑on‑year decline, according to its June‑quarter results released on Monday.
- The company showed a strong sequential operational recovery as orders near doubled to about 44,071 units and deliveries rose to roughly 39,192 units from the prior quarter.
- Unit economics improved: auto revenue rose about 72% quarter‑on‑quarter, auto gross profit was around ₹139 crore, and auto gross margin held near 30.5%.
- The stock fell about 6% in early trading and brokerages responded with caution—Goldman Sachs kept a Neutral view and a ₹40 target while Emkay, Citi and Kotak maintained negative stances and low targets.
- Analysts say the main questions now are whether higher volumes can be sustained as incumbents add capacity and Ather’s AURIC plant comes online, and whether Ola’s cash flow or fundraising will cover ongoing outflows; investors should watch quarterly opex guidance, monthly delivery trends and cash‑flow updates.