*OLA Electric Mobility Ltd.* | *CMP* Rs. 65 | *M Cap* Rs. 28670 Cr | *52 W H/L* 158/45 (Nirmal Bang Retail Research) Deliveries(units) came in at 51375,QoQ 84029, YoY 115386 *Result is declining* Revenue from Operations came at Rs. 611 Cr (-41.5% QoQ, -61.8% YoY) vs QoQ Rs. 1045 Cr, YoY Rs. 1598 Cr EBIDTA came at Rs. -695 Cr (51.1% QoQ, 122.8% YoY) vs QoQ Rs. -460 Cr, YoY Rs. -312 Cr EBITDA Margin came at -113.7% vs QoQ -44%, YoY -19.5% Adj. PAT came at Rs. -870 Cr vs QoQ Rs. -564 Cr, YoY Rs. -416 Cr Quarter EPS is Rs. -2 Stock is trading at P/E of -22.2x FY26E EPS