Overview

• Ola Electric posted a consolidated net loss of ₹428 crore in Q1 FY26 on revenue of ₹828 crore, a 49.6% year-on-year decline.
• Quarter-on-quarter revenue rose 35.5% from ₹611 crore to ₹828 crore, marking the company’s first sequential top-line growth after subsidy cuts and market pressures.
• The auto division recorded its first EBITDA-positive month in June, lifting its Q1 EBITDA margin to –11.6% from –90.6% in Q4 FY25.
• Shares surged over 17% intraday as investors welcomed signs of operational leverage and a narrowing loss trajectory.
• Ola Electric expects to sell 3.25–3.75 lakh vehicles and generate ₹4,200–₹4,700 crore in revenue in FY26, signaling a shift toward scalable profitability.