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Ola Electric's stock dropped 5-7% on Feb. 16, 2026, after a 55% revenue plunge and 61% sales drop in Q3FY26, with EBITDA losses widening and market share falling to 6%.
Ola Electric's stock fell 5-7% on February 16, 2026, after reporting a 55% year-on-year revenue drop to ₹470 crore and a 61% volume decline to 32,000 units in Q3FY26, with net debt rising to ₹670 crore.
Despite a record 34.3% gross margin due to PLI benefits and cost controls, EBITDA losses widened to -58%, and the company lost market share, ranking fifth with 6%.
Brokerage Emkay Global downgraded it to "Sell" from "Buy" and slashed its price target to ₹20, citing weak execution, intense competition from Ather and others, and prolonged turnaround challenges.
Ola is cutting costs, reducing stores to 700 and operating expenses to ₹250–300 crore per quarter, while investing in its Gen3 platform and Gigafactory expansion.
Las acciones de Ola Electric cayeron un 5-7% el 16 de febrero de 2026, después de una caída del 55% en los ingresos y una caída del 61% en las ventas en el tercer trimestre del año fiscal 26, con pérdidas en el EBITDA y una caída de la cuota de mercado al 6%.