Share Market News: Ola Electric Witnesses Surge in Stocks Despite Weak Q1 Results

Share Market News: Despite its unimpressive first-quarter performance, Ola Electric’s stock has surged significantly. Revenue fell 49.6% to Rs 828 Cr from Rs 1,644 crore in the previous year. Although the EBITDA loss reduced somewhat to Rs 237 Cr, the net loss increased to Rs 428 crore from Rs 347 Cr. These results alone do not support the stock’s upward momentum, which has increased by more than 15% in value.

Positive Vehicle Sales Revenue 

The surge in Ola Electric’s share price is mostly driven by the company’s management’s positive prediction for the fiscal year 26. Ola expects vehicle sales to be between Rs 3.25 and Rs 3.75 lakh, with revenue ranging from Rs 4,200 to Rs 4,700 crore. Additionally, the Production-Linked Incentive (PLI) plan is likely to begin benefiting the company in Q2 of FY26, particularly for its Gen 3 goods. The management forecasts gross margins of 35-40% and vehicle EBITDA margins to exceed 5% for the entire year. They also expect the auto business to go EBITDA-positive in the second quarter, bolstering investor confidence even further.