# Ola Electric Q1 net loss narrows 22% to Rs 336 crore 2026-08-07T05:26:51+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Ola Electric's Q1 net loss narrowed 22% year-on-year to Rs 336 crore, even as operating revenue plunged 45% to Rs 455 crore. Total expenses fell 42% to Rs 620 crore. On a quarter-on-quarter basis, revenue rose 72% from Rs 265 crore, and the loss shrank 33% from Rs 500 crore. Shares have gained 31% in six months and nearly doubled from a March low of Rs 22.25, boosted by a BESS MoU with Axis Energy and PLI certification. However, the stock remains 74% below its all-time high of Rs 157.40. Analysts at Ventura recommend a 'Hold', warning that further upside depends on visible operating improvement, not just sector tailwinds. According to the Economic Times, technical analyst Hitesh Rathi of Angel One says the stock has formed strong resistance at Rs 45-47 and needs to reclaim Rs 50 to invalidate a bearish short-term structure. Inc42 reports that Ola Electric's total income, including other income of Rs 29 crore, stood at Rs 484 crore for the quarter. ## Coverage - ndtvprofit.com - economictimes.indiatimes.com - inc42.com Tags: battery storage, EVs, Ola Electric, Q1 results, share market Canonical: https://indianopinion.org/ola-electric-q1-results-to-test-recovery-in-shares/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/ola-electric-q1-results-to-test-recovery-in-shares/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.