Ola Electric Mobility shares experienced a significant upturn on Wednesday, breaking a six-day losing streak with a surge of over 7%. The electric vehicle manufacturer's stock opened at ₹40.40 and reached an intraday high of ₹43.15, showcasing renewed investor interest.

Block Deal and Trading Activity

During the trading session, a notable block deal took place involving 15 lakh shares of Ola Electric, valued at approximately ₹7 crore. This transaction likely contributed to the increased trading volume and price movement observed during the day.

Future Projections and Financial Outlook

Ola Electric has provided insights into its future financial expectations:

These projections indicate a cautious outlook, with the company anticipating a range from slight contraction to modest growth in revenue compared to the previous fiscal year.

Recent Financial Performance

The company's financial results for the June quarter revealed some challenges:

Despite the year-over-year decline, Ola Electric reported sequential improvements compared to the March quarter:

• Narrower losses (₹428.00 crore vs ₹870.00 crore in March quarter)
• Revenue growth (₹828.00 crore vs ₹611.00 crore in March quarter)

Segment Performance

In a positive development, Ola Electric announced that its auto segment achieved EBITDA positivity in June, indicating improved operational efficiency in this particular division.

The recent stock performance and block deal, juxtaposed with the company's mixed financial results and cautious future projections, reflect the complex dynamics at play in the electric vehicle market. As Ola Electric continues to navigate the challenges and opportunities in this rapidly evolving sector, investors and industry observers will be closely monitoring its progress towards sustainable growth and profitability.

Key Highlights:

• Revenue from operations reached ₹2,211.48 crore in Q1 FY26
• Gross profit per vehicle increased to ₹31,000
• Auto segment achieved EBITDA positive status in June 2025
• Delivered 68,000 vehicles during the quarter
• Gen 3 platform accounts for 80% of overall sales

Financial Performance

Ola Electric Mobility reported a strong financial performance for Q1 FY26. The company's revenue from operations stood at ₹2,211.48 crore, compared to ₹1,818.21 crore in the previous quarter. This represents a quarter-on-quarter growth of 21.60%.

The company's gross profit per vehicle saw a significant increase, reaching ₹31,000. This improvement in profitability can be attributed to the successful implementation of the Gen 3 platform and various cost-saving initiatives.

Operational Highlights

One of the most notable achievements for Ola Electric this quarter was its auto segment turning EBITDA positive in June 2025. This milestone demonstrates the company's progress towards sustainable profitability.

The company delivered 68,000 vehicles during the quarter, with the Gen 3 platform accounting for approximately 80% of overall sales. This strong adoption of the new platform highlights the success of Ola's product strategy.

Product Updates

Ola Electric's Gen 3 platform has been well-received in the market, offering improved performance, margins, and quality. The company also introduced its first electric motorcycle, the Roadster, which has garnered positive feedback from customers.

Future Outlook

Looking ahead, Ola Electric aims to sell between 3.25 lakh to 3.75 lakh vehicles in FY26. The company is focusing on expanding its product portfolio, including the launch of its 4680 cell vehicles by the festive season.

Bhavish Aggarwal, Chairman and Managing Director of Ola Electric, commented on the results: "This has been, in many ways, a transformative quarter for us. We have transitioned our strategy from aggressive penetration to a more balanced profitable growth strategy."

Conclusion

Ola Electric's Q1 FY26 results demonstrate the company's progress in achieving profitability while maintaining growth. With its focus on technological innovation, product development, and operational efficiency, Ola Electric appears well-positioned to capitalize on the growing electric vehicle market in India.

Investors and industry observers will be keenly watching Ola Electric's performance in the coming quarters as it continues to execute its strategy in the competitive electric two-wheeler segment.