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What is the story about?
Shares of Ola Electric Mobility Ltd. declined on Monday, June 1, even after the company's retail data in May was the highest in seven months at 15,139 units. Before Monday's drop, the stock had gained in seven out of the last 10 trading sessions.
While the retail numbers declined 20% from the previous year, they increased 23% from the previous month's 12,323 units, as per the VAHAN data. This is also the third consecutive monthly growth for the automaker.
Ola Electric's volumes in April and May were at 27,462 units. The company has given a volume guidance of 40,000 to 45,000 units in the first quarter of the financial year 2027. Its volumes need to be more than 12,540 units in June to achieve this first quarter guidance.
On another note, as per the VAHAN data, industry volumes increased around 15% to 1.70 lakh units in May from 1.48 lakh units in April.
Ola Electric reported a mixed set of earnings in the March quarter. Its revenue more than halved to ₹265 crore from ₹611 crore last year, while its net loss narrowed to ₹500 crore from ₹870 crore in the previous year.
Its EBITDA loss narrowed as well to ₹281 crore from ₹690 crore in the fourth quarter last year.
The company's gross margin expanded to 38.5% from 13.7% in the year-ago period.
The company's management said service-related issues, which had constrained demand through most of FY26 have now stabilized. Theaverage service turnaround time has reduced by 88% between October 2025 and March 2026, it said, with the service backlog declining significantly.
Shares of Ola Electric Mobility ended 5% lower on Monday at ₹39.4. The stock has nearly doubled from its all-time low of ₹22.25.
Also Read: Inox Wind shares slide nearly 8% after Q4 results; Motilal Oswal cuts price target but says 'buy'
While the retail numbers declined 20% from the previous year, they increased 23% from the previous month's 12,323 units, as per the VAHAN data. This is also the third consecutive monthly growth for the automaker.
Ola Electric's volumes in April and May were at 27,462 units. The company has given a volume guidance of 40,000 to 45,000 units in the first quarter of the financial year 2027. Its volumes need to be more than 12,540 units in June to achieve this first quarter guidance.
On another note, as per the VAHAN data, industry volumes increased around 15% to 1.70 lakh units in May from 1.48 lakh units in April.
Ola Electric reported a mixed set of earnings in the March quarter. Its revenue more than halved to ₹265 crore from ₹611 crore last year, while its net loss narrowed to ₹500 crore from ₹870 crore in the previous year.
Its EBITDA loss narrowed as well to ₹281 crore from ₹690 crore in the fourth quarter last year.
The company's gross margin expanded to 38.5% from 13.7% in the year-ago period.
The company's management said service-related issues, which had constrained demand through most of FY26 have now stabilized. Theaverage service turnaround time has reduced by 88% between October 2025 and March 2026, it said, with the service backlog declining significantly.
Shares of Ola Electric Mobility ended 5% lower on Monday at ₹39.4. The stock has nearly doubled from its all-time low of ₹22.25.
Also Read: Inox Wind shares slide nearly 8% after Q4 results; Motilal Oswal cuts price target but says 'buy'
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