Shares of Ola Electric surged over 15% on Monday on the BSE as of 1 PM, following the company’s bullish outlook for FY26, even as its consolidated loss widened year on year in the first quarter.
The stock rose from Rs 39.98 to Rs 46.16 apiece after the electric vehicle maker said it expects to generate between Rs 4,200 crore and Rs 4,700 crore in revenue for FY26, and sell 3,25,000 to 3,75,000 vehicles.
Ola also forecast a full-year EBITDA of over 5% for its auto business, buoyed by the benefits of the Production Linked Incentive (PLI) from the second quarter and a projected gross margin expansion to 35–40%.
The company said its auto business turned EBITDA positive in June 2025, helped by improved gross margins and cost efficiencies through its vertically integrated operations. Gross margin in the auto segment rose to 25.6% in Q1 FY26 from 13.8% in the prior quarter (Q4 FY25)
.thumbnailWrapper{
width:6.62rem !important;
}
.alsoReadTitleImage{
min-width: 81px !important;
min-height: 81px !important;
}
.alsoReadMainTitleText{
font-size: 14px !important;
line-height: 20px !important;
}
.alsoReadHeadText{
font-size: 24px !important;
line-height: 20px !important;
}
}
Despite the operational gains, Ola Electric reported a consolidated loss of Rs 428 crore in Q1 FY26, widening 23% from Rs 347 crore in the same period a year earlier.
Ola delivered 68,192 vehicles in the quarter, marking a 32.7% increase over the previous quarter, driven by strong traction for its Gen 3 scooters.
The company said it expects the auto business to remain EBITDA positive, with continued margin gains supported by cost optimisation under ‘Project Lakshya’ and the rollout of its in-house battery and motor technologies.
The copy was updated.
Edited by Swetha Kannan
