India's Ola Electric jumps on narrower sequential loss, gross margin expansion forecast

Ola Electric Mobility

14/07/2025 07:04

** India's Ola Electric OLAE.NS rises 4.3% to 41.48 rupees

** Electric scooter maker reports narrower sequential loss and says gross margins will improve to 35%-40% in FY26 from 20.5% in FY25

** OLAE also says it has developed motors that do not need rare earths; these are scheduled for deployment in Q3

** Avg rating on OLAE at "hold"; median PT is 60 rupees - data compiled by LSEG

** Stock trims YTD losses to 52%

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))