Ola Electric shares jump 18% despite loss in Q1: Here's why the stock surging
The stock rose as much as 18.27 per cent to an intraday high of ₹47.07 on the NSE after the market closed, rebounding after several months of decline. Recently, the stock was trading at an all-time low of ₹39.6.
The sudden surge comes as Ola Electric on Monday reported a 35.5 per cent jump in revenue from operations for the April–June quarter of FY26, reaching ₹828 crore, up from ₹611 crore in the previous quarter ending March 31, 2025, reported news agency PTI.
The Bengaluru-based electric vehicle manufacturer said it delivered 68,192 vehicles in Q1 FY26, marking a 32.7 per cent quarter-on-quarter increase compared to 51,375 units in Q4 FY25.
The company announced that its auto business turned EBITDA positive in June 2025, citing strong gross margins driven by its vertical integration strategy.
Operating cost efficiency driven by Project Lakshya
Ola Electric attributed significant operational efficiencies to its cost optimisation initiative, Project Lakshya. The company said monthly auto operating expenses were reduced from ₹178 crore to ₹105 crore.
'Consolidated operating expense now stands at ₹150 crore per month, and further reduction to ₹130 crore a month is targeted through FY26,' the company said in a statement, cited by news agency PTI.
Looking ahead, Ola Electric expects to sell between 3,25,000 and 3,75,000 vehicles in FY26, generating revenue between ₹4,200 crore and ₹4,700 crore.
'With Production-Linked Incentive (PLI) benefits beginning from Q2 for the Gen 3 product portfolio, gross margin is projected to rise to 35-40 per cent, and the company anticipates full-year auto EBITDA of above 5 per cent,' the statement said.
The company also expects the auto business to remain EBITDA positive from Q2 onwards.
Ola Electric said its Gen 3 scooters, launched recently, accounted for 80 per cent of total scooter sales in Q1.
'These scooters have not only delivered better margins but have also significantly reduced warranty claims, reflecting the company's ongoing engineering improvements,' it said.
(With PTI inputs)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
32 minutes ago
- Time of India
Sarvam AI will open source its IndiaAI Mission AI models
Bengaluru-based artificial intelligence (AI) startup will be open sourcing the models it is training as part of the IndiaAI Mission , Sarvam cofounder Vivek Raghavan, told will be done under permissible licenses, he said. The company has received the highest subsidy allocated under the IndiaAI Mission so far at Rs 98.68 crore, out of a bill of Rs 246.71 crore for access to 4,096 Nvidia H100 GPUs for six months, as per the IndiaAI part of the first phase of approvals, was selected by the IndiaAI mission to initiate the development of an indigenous foundational AI an open source software meeting at IIIT-D on Saturday, Abhishek Singh, chief executive, IndiaAI Mission, in a virtual address, had said that the Government of India-sponsored large language models (LLMs) (including Sarvam's) have been decided to be made open Tuesday, Singh confirmed the same to issue was first raised by Paras Chopra, founder and former chairman of software company Wingify . In a post on microblogging platform X on April 27, he had said, "So you're telling me that Deepseek with private funds can release an open source model, but govt awarding Rs 220 crores of public funds to Sarvam isn't asking for the same? This is tax payers money, so the full pipeline ought to be open source!"To which another cofounder Pratyush Kumar had responded, "This is not a grant. A gov body will take equity in Sarvam for the compute we receive. And we are committed to building public interest use-cases and enabling the ecosystem in various ways such as hyper-optimising the inferencing costs in India."India gave the cabinet approval for the Rs 10,000-crore IndiaAI Mission in March last year, with a target of procuring over 10,000 part of the IndiaAI mission, the government is incentivising the development of LLMs built by startups like Sarvam, Gnani, Gan, and Soket AI Labs with investment capital and other support. The move is aimed at building up India's AI Gupta, chief executive of Yotta Data Services, on June 28 revealed that out of 506 proposals received by the IndiaAI Mission for building foundation AI models, a striking 43 are specifically dedicated to building LLMs, underscoring the nation's strategic emphasis on sovereign and culturally relevant was speaking at a panel discussion at the AI for India Summit 2025, organised by AI4India in Bengaluru.
Time of India
32 minutes ago
- Time of India
Scoring with AI not enough to crack US enterprise code
Academy Empower your mind, elevate your skills Indian artificial intelligence startups, which are making a beeline to the US to be close to customers, are taking longer to conclude deals and run pilots with US enterprises, amid rising competition and changing business landscape, founders and investors startups are looking at strategic partners and investors who have deep enterprise networks and can help them connect with potential customers, they told SaaS, where the market had evolved and people were buying, founders were able to get a couple of customers through emails and messages, but in the AI world, confusion is high even for buyers, Accel India partner Shekhar Kirani said. 'So, they need assistance at least for the next 12-24 months, when it becomes obvious that the products work.' Enterprise sales have always been hard and required the founders to work on-site to gain the last couple of years, AI has changed the landscape by drastically bringing down the time taken to develop a product. This has resulted in proliferation of AI platforms and applications, cluttering the market, increasing competition and changing the enterprise sales Ayyagari, cofounder, SnowMountain AI , an agentic AI platform for banking and financial services, said with AI coming in, the time taken to close the deals have increased significantly, with some companies going as far as getting into code-level discussions to gain trust from customers.'Earlier it would take 6-9 months to get a signalling from a company, if they are interested in the product or not. Now that is taking 12-18 months. Even getting demos is hard now,' he said. He explained that more often than not enterprises are running multiple pilots and are beginning to put new pilots on pause till they have Krishnan, founder of NuWare, a US-based IT services company, said during his conversations with the chief information officers of large enterprises in the US, he has found that they are often seeing over 20 companies that are selling similar products and hardly have time to have a demo with each of these Vivek Khandelwal, cofounder of agentic AI solutions startup CogniSwitch , was in the market for a security compliance product and said he was confused.'This market is equally miserable for buyers. We are at a point where we have to flip a coin and go with whoever it is, because there are so many products and everyone's messaging is exactly the same,' he went ahead with a company that was known to him. But he agrees that the market is Agarwal, cofounder of Raga AI, which offers an agentic workflow testing platform, said though building enterprise-quality products is tough, the field has become noisy, confusing the buyers as navigate this challenge, founders are looking to partner with investors and domain experts that can help with of SnowMountain AI said his company has partnered with domain experts such as former banking executives to get customers Abbey, founder of an AI startup catering to the banking and financial services companies, said she partners with strategic investors in the US that can make warm Krishnan, who also runs investment firm NuVentures, said they are helping their portfolio companies with customer introductions, which are now becoming critical and a key differentiator as companies look to break into enterprises in the Goyal, partner, Stellaris Venture Partners, said customer introduction is one of the most critical help portfolio companies need as they search for a product-market fit and early traction in an increasing competition for enterprise founders and investors are navigating a dynamic business landscape, there are other challenges as previous tech cycles, speed is the moat in AI, as the technology evolves at a rapid pace. This means startups need to iterate fast and that is one of the reasons founders are moving to the who was cited earlier, said she flies in and out of the US to be closer to customers and iterate Goyal said many enterprises are in a wait-and-watch mode as continued competitiveness of existing solutions is questionable with underlying technology evolving so rapidly. In addition, amid the uncertain macroeconomic environment, investments are being postponed; this presents a challenge as well.
Mint
38 minutes ago
- Mint
Why no one blows the whistle until a short-seller turns up
The reaction to US-based short seller Viceroy Research's scathing report on the Vedanta Group was as predictable as it was performative. The company, not surprisingly, called the allegations 'baseless". There was also the familiar barrage of nationalist rhetoric summed up by former Rajya Sabha MP and BJP national executive member Swapan Dasgupta, who tweeted: 'Is there a concerted attempt by dodgy US financial organisations to undermine India's corporates/financial institutions?" But strip away the outrage, and the uncomfortable question remains: why did it take a foreign short-seller to say what no one in India's financial ecosystem had the courage or incentive to? After all, as Vedanta's CEO Deshnee Naidoo admitted, the points raised in the report are not new and have been previously disclosed to shareholders. Viceroy's dossier alleges opaque structures, questionable related-party transactions, and fragile debt positions across the sprawling Vedanta empire. You don't need to agree with every bit of the report. The key issue is that in a market ecosystem populated by regulators, exchanges, research analysts and institutional investors, why was such scrutiny absent until a short-seller showed up? The discomfiting answer is the lack of incentives. Reviled they may be, but short sellers are among the few market participants who have a genuine incentive to unearth problems inside companies. Since they make money when stock prices of their target companies fall, they are financially motivated to find what others ignore. Their motives are certainly not altruistic, but they drive the kind of transparency and accountability that almost all other market players shy away from. Take the recent Jane Street saga. The US-based high-frequency trader was eventually censured by Sebi for allegedly fraudulent and manipulative trades in index options. Sebi's action came as a surprise, but Jane Street's actions were known and discussed widely for months before the regulator's action. Shankar Sharma, Veteran investor and founder of GQuant Investech, posed the obvious question: Why did the exchange not act earlier? His answer: "Simple conflict of interest…How can they sanction JS when it drives FO volume massively, hence SE profits." That's because when you trade F&O contracts on the NSE, you are charged a small percentage of the trade value as transaction fees. Sharma's critique strikes at the core of our market structure; when exchanges benefit from the very entities they are meant to police, enforcement becomes a question of convenience rather than principle. That's why independent, profit-seeking actors like short-sellers are necessary, even if they operate in the shadows. It is no accident that some of the most explosive corporate scandals like Adani in India, Wirecard in Germany and Luckin Coffee in China, were flagged first by short-sellers. In each case, insiders maintained a studied silence till the proverbial fecal matter hit the overhead fan. In each case, external watchdogs were too slow or too compromised. The dirty work was done by someone with skin in the game and a profit motive. Of course, short-sellers can be wrong. They exaggerate, cherry-pick and even manipulate. But their work, when rooted in data and grounded in fact, performs a critical function. They are often the only ones willing to publicly accuse a company of fraud — because they have the most to gain if they're right, and the most to lose if they're wrong. Could the questions that Viceroy posed to Vedanta have been asked by its independent directors? Or its bankers? Or rating agencies? Or large institutional shareholders (foreign institutional investors (FIIs) and domestic institutional investors (DIIs) who together hold over 27% stake in Vedanta Ltd)? Possibly. But the brutal truth is that for none of them did the risk-reward trade-off make sense. The vitriol aimed at Viceroy isn't anything new. Others who've dared to say the emperor is naked, have faced far worse. In June 2012, Canada-based Veritas Investment Research called out Anil Ambani-group company Reliance Communications (RCom) for its accounting practices and corporate governance, leading to significant a drop in the company's stock price. Here's how the telco responded to the charges: 'The Veritas report lacks any credibility and is malafide in intent and approach…The report is full of factual inaccuracies, and baseless allegations masquerading as research." By 2016, RCom was desperately trying to sell assets in a bid to pay off its ₹45,000 crore of debt. In February 2019, it filed for bankruptcy. In another 2011 report, Veritas called out Kingfisher Airlines for 'poor disclosures, capricious accounting policies and understated liabilities". The company dubbed the report 'mischievous and sensational". In 2012, Kingfisher ceased operations and faced bankruptcy proceedings. As for Veritas, it was forced to wind up its business in India in 2014 after Nitin Mangal, one of its analysts, was remanded in custody for his report raising accounting and governance issues at Indiabulls Financial Services, Indiabulls Real Estate and other group firms. Markets need naysayers as much as they need Yes men and women, because uncomfortable truths often come from those with a vested interest in revealing them. Until domestic institutions are more willing, and incentivized, to speak up, we should be careful of shooting the messenger and look at the message instead.
