Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag 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%.

flag 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. flag 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%. flag 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. flag 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.

15 Articles