Ola Electric showed signs of technical strength as its share price broke key resistance levels, signaling temporary bullish sentiment despite weak fundamentals.
The company posted a wider net loss of Rs. 428 crore, with revenues plunging nearly 50% YoY due to falling deliveries and rising competition.
Gross margin improved to 25.8% and cost controls are in place, with Ola projecting EBITDA positivity from Q2 FY26 and a revenue target of Rs. 4,700 crore.
Ola Electric share price recovered from early morning lows on July 14, 2025, after the company announced its Q1 FY26 financial results. The stock, which had plunged to an all-time low of Rs. 39.60, rebounded to Rs. 42.03 by 12:01 PM. This marks a 5.6% hike from the previous close.
The company reported a significant year-on-year revenue decline and wider losses in its Q1 update. Despite this, investor interest returned mid-session, possibly on the back of cost-control initiatives and improving gross margins.
Ola Electric reported a consolidated net loss of Rs. 428 crore in Q1 FY26 results, compared to Rs. 347 crore in the same quarter last year. However, the figure shows a sequential improvement over the Rs. 870 crore loss posted in Q4 FY25.
Revenue plunged 49.6% YoY to Rs. 828 crore from Rs. 1,644 crore in Q1 FY25. The decline was driven by a massive drop in unit deliveries. The units fell to 68,192 units from 1,25,198 a year ago. Increased competition from Bajaj Auto, Ather, and TVS has been cited as the main reason for the sales decline.
The company’s EBITDA loss widened to Rs. 237 crore in Q1 FY26 versus Rs. 205 crore last year. Operating margin dropped to 28.6% from 12.5%. However, the auto segment reported major improvements. EBITDA margins rose to 11.6% from 90.6% in Q4 FY25. June marked the first EBITDA-positive month for Ola's auto business.
Gross margin increased to 25.8% from 18.4% YoY, aided by the introduction of Gen 3 vehicles and internal manufacturing efficiencies. Ola aims to push gross margins to 35%–40% by FY26-end, driven by Production Linked Incentive (PLI) benefits worth Rs. 40,000–Rs. 45,000 per vehicle.
Under its cost-cutting initiative, Project Lakshya, Ola has reduced monthly auto operating expenses(opex) from Rs. 178 crore to Rs. 105 crore. Consolidated opex is down to Rs. 150 crore and is expected to decline further to Rs. 130 crore/month. For FY26, Ola projects vehicle sales of 3.25-3.75 lakh units and revenue of Rs. 4,200-Rs.4,700 crore. Auto EBITDA is expected to stay in positive territory from Q2 onward.
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Analyst sentiments are mixed today between ‘Buy’, ‘Hold', and ‘Sell’. Each one received a 29% consensus; on the other hand, only 14% experts suggested ‘Underperform’. These ratings reflect investor caution amid weak financials and technical risks.
According to experts, the immediate resistance and support levels are Rs. 40.22 and Rs. 39.50, respectively. The current price of Rs. 42.03 has broken above all major resistance levels for the day, showing temporary bullish strength.
Anshul Jain, Head of Research at Lakshmishree Investments, stated, “Ola Electric stock remains weak on technical charts. A close above Rs. 45 is needed to confirm any sustainable reversal. Otherwise, a decline to Rs. 34 remains likely.”
Ola Electric share price chart as per TradingView shows a gain of 10.63% as of 12.20 PM:
Despite today’s rally, investors should watch for confirmation before entering new positions. Ola Electric’s improving margins and cost efficiency may support long-term recovery. However, near-term volatility remains high.
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1. Is Ola Electric in the share market?
Yes, Ola Electric is listed on Indian stock exchanges and its shares are publicly traded. The company went public to support its electric vehicle (EV) expansion plans and infrastructure development. InvestoRs. can track its share performance, quarterly results, and market cap in real time on platforms like NSE and BSE. As of July 14, 2025, Ola Electric is actively traded and closely monitored due to recent financial disclosures and earnings performance.
2. Can we buy Ola Electric shares?
Yes, retail and institutional investors. can buy Ola Electric shares through registered stock brokers, on platforms such as Zerodha, Groww, Angel One, and others. Before investing, it’s important to assess the company’s financial health, recent earnings, and future outlook. Currently, analyst sentiment on the stock is mixed, with a “Hold” consensus from 7 analysts. Investors are advised to consider both technical and fundamental factors before making investment decisions.
3. What is Ola share price today?
As of 12:01 PM on July 14, 2025, Ola Electric’s share price was Rs. 42.03. This reflects a 5.60% gain from the previous close of Rs. 39.80. The stock rebounded from an all-time low of Rs. 39.60 earlier in the session following the company’s Q1 FY26 results. Despite weak earnings, short-term bullish sentiment emerged due to cost-cutting progress and improving gross margins.
4. What is the target price of Ola Electric in 2025?
Analyst sentiment remains divided. Some analysts suggest Ola Electric must decisively close above Rs. 45 to signal a strong revival. Otherwise, a downside to Rs. 34 is possible if selling pressure continues. Given the stock’s volatility and weak fundamentals, no definitive long-term target has been publicly set, though a few optimistic projections tie price recovery to EBITDA positivity and rising gross margins expected later in FY26.
5. Why did Ola Electric’s share price rise today despite poor results?
The stock gained 5.60% to Rs. 42.03 due to investor optimism around Ola’s cost-reduction program and operational improvements. While Q1 FY26 losses widened to Rs. 428 crore and revenue fell 50% YoY, the company showed progress in gross margin improvement and auto segment EBITDA. These early signs of recovery and expectations of PLI benefits have contributed to temporary bullish sentiment in the market.