Ola Electric Shares Surge Amid Robust Quarterly Growth
Ola Electric's stock soared nearly 20% as the company reported a 35.5% rise in quarterly revenue to Rs 828 crore. The firm delivered 68,192 vehicles in Q1 FY26, a 32.7% increase from Q4 FY25. Ola's EBITDA turned positive thanks to cost-cutting on Project Lakshya.
- Country:
- India
Shares of Ola Electric surged by nearly 20% on Monday, following an impressive 35.5% increase in the company's revenue from operations for the April-June quarter, totaling Rs 828 crore.
The stock soared 18.36% to close at Rs 47.13 on the BSE, with an intra-day high of Rs 47.78. Meanwhile, on the NSE, it ascended by 19.74% to finish at Rs 47.66 a share.
Ola Electric delivered 68,192 vehicles in Q1 FY26, up 32.7% quarter-on-quarter. The firm turned EBITDA positive in June, driven by a vertical integration strategy. The cost optimization project, Lakshya, significantly reduced monthly operating expenses, with further reductions planned for FY26.
(With inputs from agencies.)
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