Ola Electric Mobility shares rally over 7% ahead of Q2 FY27 earnings; key things to know

At 11:08 AM, Ola Electric shares were trading at ₹36.16 apiece on the National Stock Exchange, jumping 5.02%.

From the beginning of the year, Ola Electric shares have fallen 2%. Over a month’s time, the stock has gained 3%, while for a six-month period, it has climbed nearly 5%.

Shares of the firm had hit a 52-week high of ₹49.05 on June 9, 2026, and a 52-week low of ₹22.25 on March 16, 2026.

Here are key factors to know from the September quarter

• The Bhavish Agarwal-led company during the quarter received a sanction order from the Ministry of Heavy Industries for the release of incentives amounting to ₹95.81 crore under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme).

The sanction pertains to the demand incentive under the PLI-Auto Scheme for FY 2026-27 and authorises the payment to be released through IFCI Ltd, the Central Nodal Agency designated for disbursement under the scheme.

• In August, the firm also announced the launch of the all-new S1Z, the first scooter range in India to bring the Ola’s indigenously developed Bharat Cell LFP technology to the mass market.

The S1Z brings Ola's indigenous 46 series LFP cell platform technology, developed at its Battery Innovation Centre and manufactured at the Ola Gigafactory, to its most accessible scooter range, for the country's largest EV buying segment, the company said in a statement.

• In mid-August 2026, Ola Electric unveiled an ambitious expansion of its 'Shakti' energy storage portfolio, designed to store energy when it is available and deploy it when it is needed, from keeping a home powered through an outage to managing renewable energy at grid scale.

Ola Electric rights issue

In October, the board of directors at Ola Electric Mobility approved ₹1,000 crore fundraising plans through a rights issue. The board has approved the terms of its rights issue of 37.03 crore partly paid-up equity shares, aggregating to ₹999.74 crore. The rights issue is priced at ₹27 per share, including a premium of ₹17 per share.

Ola Electric Q1 FY27 earnings

The electric two-wheeler maker reduced its net losses to ₹336 crore in the period. The EV maker’s consolidated net losses narrowed to ₹336 crore in the first quarter of the financial year 2026-27, compared year-on-year (YoY) with ₹428 crore in the same period a year earlier.

On a sequential basis, the company’s net losses narrowed to its June quarter levels from the ₹500 crore net loss in the fourth quarter of FY26.

NSE filings also showed that the company’s revenue from core operations declined 45% YoY to ₹455 crore in the period under review, in comparison to ₹828 crore in the same period a year earlier.

According to NSE data, as of November 12, 2026, Ola Electric Mobility has a total market capitalisation of ₹16,699.30 crore.