Ola Electric Share Price Crash: Brokerage Slashes Target Price 60%; Should You Exit Now? Ola Target Price

Ola Electric Share Price Today: Shares of Ola Electric Mobility Limited declined nearly 7% during Monday's intraday trading session, after the EV maker reported weaker-than-expected third quarter result for the financial year 2025-26.

Ola Electric shares were trading 6.63% lower at Rs 28.85 per share on BSE with a market capitalisation of Rs 12,725.24 crore at 11:40 am on Monday. The stock had dipped to a 52-week low of Rs 28.73 per share on BSE on Monday.

Ola Electric Share Price Recommendation

Ola Electric Mobility reported a weaker-than-expected profit during Q3FY26 with revenue declining 55% on a year-on-year basis and dip in volumes. The company's EBITDA losses expanded to -58% vs -29% in Q2, noted Emkay Research in its report.

The brokerage gave a 'Sell' recommendation for Ola Electric Mobility share price. "Ola has seen a consistent volume decline to 32k units in Q3 (Q1: 125k) and market-share loss (ranked 5, with 6% share)," noted the brokerage in its report.

"Revenue fell 55% YoY, led by a 61% decline in volume amid 10% better ASP QoQ aided by PLI accrual. Reported GM rose by 400bps QoQ to 34.3%. Adjusted GM (ex-PLI) declined by 30bps QoQ to 28.6%. EBITDAM declined to -58% from -29% in Q2FY26. Adjusted PAT fell 14% YoY amid lower interest and depreciation."

Ola Electric Share Price Target

The brokerage gave a target price of Rs 20 per share to Ola Electric stock. "We downgrade Ola to SELL from Buy and cut our TP by 60% to Rs20 from Rs50. Ola logged a weak Q3, with revenue down 55% YoY on a 61% YoY volume drop."

Ola Electric Q3 Result

Ola Electric Mobility reported a revenue of Rs 504 crore for the December quarter, which declined 57% on an annual basis from Rs 1,172 crore and a 33% decline from Rs 756 crore in the September quarter. Bhavish Aggarwal-led EV company reported a loss of Rs 487 crore, which is less than the Rs 564 crore loss from the previous year, but more than the Rs 418 crore loss reported in the September quarter.

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