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The Economic Times
The Economic Times
Debaroti Adhikary

Ola Electric shares can crash up to 35%, warns Emkay after seeing Q4 results

Emkay Ola Electric Ola Ather Emkay Global Ola Electric Mobility

Shares of Ola Electric crashed 6% on Thursday, with brokerage Emkay Global seeing up to 35% downside potential after the EV scooter-maker reported a sharp 57% year-on-year (YoY) drop in revenue from operations to Rs 265 crore in the fourth quarter of FY26, from Rs 611 crore in the year-ago period.

The Bhavish Aggarwal-led company on Wednesday reported a consolidated net loss of Rs 500 crore for the January-March quarter of the financial year 2026, down 42.5% from the Rs 870 crore net loss reported in the corresponding quarter of the previous financial year. However, Emkay highlighted that the company reported a weak set of earnings, with the sharp plunge in revenue and a 61% YoY drop in volume.

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