India, July 14 -- Shares of Ola Electric climbed almost 18% after the company reported its financials for the first quarter of the current financial year (Q1 FY26).

The stock jumped 17.6% to INR 46.83 during intraday on the BSE despite the EV maker's consolidated net loss widened to INR 428 Cr as against INR 347 Cr in Q1 2025.

Sequentially, the Bhavish Aggarwal-led company narrowed its loss and saw a 50.8% decline from INR 870 Cr reported in the last quarter (Q4 FY25).

Ola Electric's revenue in Q1 FY26 also reduced 50% to 828 Cr from INR 1,644 Cr in the same quarter last year. However, on a quarter on quarter basis, its topline expanded 35.5% from INR 611 Cr in January-March quarter.

The surge in its share price is likely to be driven...