New Delhi, July 15 -- Ola Electric Mobility Ltd's stock jumped 14% in the past two days after its June quarter (Q1FY26) results showed the clearest signs yet of operating discipline. Ola's auto business was Ebitda positive in June helped by stronger volumes, tighter cost control, and early gains from its vertically integrated setup.

Q1FY26 consolidated revenues rose 35.5% sequentially to Rs.828 crore, while deliveries climbed 32.7%. Gross margin rose to 25.8% in Q1FY26 from 13.8% in Q4FY25, leading to an improvement in Ebitda margin to negative 29% from negative 114% in the same period.

Ola expects profitability to sustain and has guided for above 5% FY26 auto segment Ebitda margin after posting negative 11.6% margin in Q1FY26.

FY26 ve...