Ola Electric loss narrows to Rs 362 crore, revenue falls 39%

Ola Electric Mobility cut its Q2 FY27 loss to Rs 362 crore; the stock holds above 32.70 support and below 37.50 resistance. Ola Electric Mobility Limited [ OLAELEC] fell over 6% in morning trade on 13 November, the first session after its Q2 FY27 results. The loss narrowed, but sales dropped sharply. The company reported a consolidated net loss of Rs 362 crore against Rs 418 crore a year ago. Revenue from operations fell 39% to Rs 421 crore from Rs 690 crore. Operating EBITDA loss widened to Rs 218 crore from Rs 203 crore. The results came after market hours on 12 November, when the stock settled at Rs 35.73 on BSE. Gross margin fell to Rs 126 crore from Rs 213 crore, so the loss narrowed on lower costs, not growth. The daily chart stays bearish, with the stock down from a peak near Rs 49. The stock trades between support at Rs 32.70 and resistance at Rs 37.50, and today’s low of Rs 33.48 sits just above support. A close below Rs 32.70 can open a retest of the Rs 29 area, while a close above Rs 37.50 would weaken the bearish view. Watch the next daily close around Rs 32.70. Stance: bearish below Rs 37.50. Disclosure I do not hold any position in this stock. This is not a recommendation to buy or sell. Investments in securities markets are subject to market risks. Read all related documents carefully before investing.