Ola Electric Mobility Ltd. has staged a remarkable rally, surging 40% in recent weeks after securing policy tailwinds and operational improvements that have put the spotlight on India’s electric vehicle (EV) revolution. Following its PLI certification for Gen-3 scooters and a favorable GST retention, analysts expect a margin boost starting Q2 FY26—a pivotal moment for profitability. Gross margins rose to 25.6% in Q1 FY26 from 13.8% last quarter, and EBITDA margins swung into positive territory, marking a fresh optimism for both retail and institutional investors. Despite these gains, the stock remains down 33% for the year and has seen volatility triggers, including bearish technical signals and four straight quarters of losses. Still, Ola’s vision and market position make it a top watch for anyone tracking growth in the EV space.
What are Ola Electric’s latest financial updates and stock performance
Ola Electric’s latest financial updates reveal a significant rebound: its shares have surged 40% in the past month, propelled by new policy incentives, operational enhancements, and sector-wide optimism. The rally is notable, considering the stock remains down 33% for the year, but renewed investor attention has focused on fresh margins, positive technical signals, and improved quarterly numbers.
Financial Performance Highlights
- In Q1 FY26 (quarter ended June 2025), Ola Electric reported total income of ₹2,900 lakhs, though net loss stood at ₹1,100 lakhs.
- Gross margins jumped to 25.6% (from 13.8% last quarter), with EBITDA also turning positive this cycle, reflecting improved operational efficiencies.
- The rally accelerated after Ola Electric’s Gen-3 scooter portfolio received PLI certification, making models eligible for government incentives of up to 18% on sales through 2028.
- The company’s market capitalization currently stands at ₹25,362 crore, with active trading and notable volume spikes in September 2025.
Stock Performance and Analyst Views
- The share price recently rallied, posting a monthly gain of 40% and consolidating above key support levels (Rs 52–56), with further upside possible if it can decisively break Rs 62.
- Technical experts highlight short-term resistance at Rs 62 and Rs 68–70, while the stock trades above several critical moving averages, with a Relative Strength Index (RSI) of 58.1 indicating neutral momentum.
- Some technical caution remains: candlestick patterns and RSI signals warn of a potential short-term pullback to Rs 48 before any strong rebound, with stop-loss recommended at Rs 40 for risk management.
Ola Electric’s recent results and policy-fueled optimism have made it one of the most watched companies in India’s growth-focused EV sector for 2025, with investors closely tracking both operational progress and technical price action.
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