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The Economic Times
The Economic Times
Debaroti Adhikary

Ola Electric shares fall 6% even as Q1 loss narrows. Why brokerages see up to 51% downside

Ola Electric ARE Ola Emkay Bhavish Aggarwal Citi Goldman Sachs Kotak Institutional Equities

Shares of Ola Electric Mobility tumbled 6% to the day's low of Rs 38.58 on the BSE in Monday's early trade after the EV-scooter maker reported a reduction in net losses to Rs 336 crore in Q1 FY27, down from Rs 428 crore in the same period last year, although revenue from operations fell 45% year-on-year (YoY).

Ola Electric on Friday reported the contraction of net losses, while revenue from operations fell to Rs 455 crore in the April-June quarter of the ongoing financial year 2027, down from Rs 828 crore reported in the corresponding quarter of the previous year. However, revenue surged 72% from the Rs 265 crore reported in the previous quarter (Q4 FY26).

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