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EV Stock Below Rs 50: Ola Electric Reports 21% Lower Q1 Loss, Raises Rs 780 Cr
['Dalal Street Investment Journal', 'Dsij', 'Written', 'Read More']
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Q1 FY27 revenue declined year-on-year, though net losses narrowed.
Company raised Rs 780 crore via QIP, strengthening liquidity.
Amid the weak market sentiment, Ola Electric Mobility share price declined 0.89 per cent to Rs 41.07 after the company announced its Q1 FY27 financial results and other board meeting outcomes.
Ola Electric Mobility Q1 FY27 Financial Performance Ola Electric reported consolidated revenue from operations of Rs 455 crore in Q1 FY27, compared with Rs 828 crore in Q1 FY26, reflecting a 45.0 per cent year-on-year decline.
About Ola Electric MobilityOla Electric Mobility Ltd is one of India's leading electric vehicle manufacturers focused on electric scooters, battery technology and EV ecosystem development.