The June quarter (Q1FY27) saw Ola’s net loss narrow to ₹336 crore. This came on a lower revenue base of ₹455 crore against ₹828 crore in Q1FY26. Adjusted Ebitda loss, in fact, expanded from 36% to 43% of revenues. The stock is valued at 5.5x EV/Ebitda based on Bloomberg consensus estimates, which leaves room for re-rating, but that is contingent on tangible evidence of improving fundamentals.
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