Ola Electric shares surged nearly 17% on Monday after the company posted strong numbers for Q1 FY26 and gave a bold forecast for the rest of the year.
The stock touched an intraday high of Rs 46.85 on the NSE at around 1:30 p.m. This rally comes after five straight days of losses. Investors seem happy with Ola’s growth story — and for good reason.
What Drove the Jump?
Ola Electric reported a 35.5% jump in revenue for the April-June quarter. The company earned Rs 828 crore, up from Rs 611 crore in the previous quarter (January-March 2025).
At the same time, the net loss shrank. The company posted a net loss of Rs 428 crore in Q1 FY26. That’s a big improvement from the Rs 870 crore loss in Q4 FY25. However, the loss was slightly higher than Q1 last year, when it stood at Rs 347 crore.
Still, the narrowing loss quarter-on-quarter signals better cost control and stronger sales — mainly from Ola’s newer and more efficient scooters.
Scooters That Sell
The demand for Ola’s updated electric scooters seems to be picking up. These models are cheaper to produce and offer better margins. That’s why the company feels confident about its gross margins improving in FY26.
This shift towards smarter, more efficient production is one of the key reasons behind the stock rally.
A New Turn for Ola?
Ola Electric has had a mixed journey in the market. But this time, the strong quarter and clear guidance for FY26 have turned heads. The company seems to be taking the right steps — cutting costs, increasing sales, and improving its product line.
It’s not just about growth anymore. It’s about smart growth. And that’s what investors are watching.
If Ola Electric keeps this pace, its FY26 numbers could beat expectations. While year-on-year losses still exist, the company is now moving in the right direction.
Disclaimer:
This article is for informational purposes only and is not financial advice. Please consult a certified advisor before making investment decisions.
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