Mumbai7 minutes ago
- Copy link
After the results, Ola’s stock climbed 15% today.
India’s third major electric two-wheeler manufacturer Ola Electric Mobility has suffered a net loss of Rs 428 crore in the first quarter of FY 2025-26.
The company suffered a loss of Rs 347 crore in the same quarter of a year ago. The company’s loss has increased 23% on an annual basis.
The company has released the results of the third quarter today i.e. on Monday (July 14). Talking about the company’s revenue from the operation, it has been Rs 828 crore in the April-June quarter.
It has come down by 49.64% on an annual basis. In the same quarter of a year ago, the company generated a revenue of Rs 1,644 crore. The amount received from selling goods and services is called revenue or revenue.
What is standalone and consolidated?
Companies’ results come in two parts- Stand Alone and Consolidated. Financial performance of only one unit is shown in standalone. Whereas, the entire company reports are given in the consolidated or consolidated financial report.
Ola shares climbed 15% after the results
After the results of the first quarter of FY 2026, Ola Electric’s stock climbed 15% today i.e. on Monday, July 14. At 1 pm, it was trading at the level of Rs 46.
It is 9.36% climb in the last 5 days. However, 4% in a month, 40% in 6 months, 51% in a year and 49% has fallen from this year i.e. January 1. The market cap of the company is about 19 thousand crores.
Ola electric mobility was established in 2017
Ola Electric Mobility in Bangalore was established in 2017. The company mainly manufactures electric vehicles, battery packs, motors and vehicle frames at the Ola Future Factory.
