Ola Electric shares soar 17% despite 50% revenue slump: The surprise game-changer revealed – Market News
The share price of Ola Electric Mobility surprised the street today, surging nearly 17% intraday to hit a high of Rs 46.69, even as the company reported a wider net loss for Q1 FY26. The rally has caught many by surprise, especially as the company reported a steep 49.64% decline in revenue from operations to Rs 828 crore, down from Rs 1,644 crore in the same quarter last year. Here’s why investors are still riding high on Ola Electric Mobility-
Turnaround indications in auto segment profitability
One of the main drivers of the company’s current stock rally is the improving profitability in its auto segment. The segment’s EBITDA saw a major improvement. It was negative 90.6% in Q4FY25, which improved to negative 11.6% in…
