Otokar stock falls 2.06 percent as loss reaches TRY 4.49 billion

Otokar stock was trading at TRY 309.25 on Borsa Istanbul on September 24, 2026, down TRY 6.50 or 2.06 percent from the prior close of TRY 315.75. The move came as the company entered the final weeks of a difficult first half, when revenue fell 19 percent year over year to TRY 21.17 billion and the net loss reached TRY 4.49 billion, according to Simply Wall St.

Loss and debt shape the picture

The first-half loss was paired with net financial debt of TRY 42.9 billion as of the end of the period, the same report states. For investors, the combination matters because the revenue decline and financing burden point to pressure on both operating scale and balance-sheet flexibility.

The market data add a clear valuation context. Otokar had a market capitalization of TRY 37.11 billion on September 24, 2026, while its 52-week range stood at TRY 270 to TRY 546.50. The current price was 43.4 percent below the 52-week high, making the share price position a measurable counterweight to the recent earnings pressure.

Defense leadership enters transition

A separate corporate milestone concerns the military vehicles division. The Globe and Mail reported on September 19, 2026, that Assistant General Manager for Military Vehicles Ugur Sedef Vehbi will retire on September 30, 2026, with Tamer Sircali scheduled to take over on October 1, 2026.

The timing gives the transition a concrete operational relevance. Otokar works across automotive and defense markets, so continuity in the military vehicles division matters while the company is managing a TRY 4.49 billion first-half loss and TRY 42.9 billion of net financial debt.

BIST 50 status adds a market marker

Borsa Istanbul named OTKAR as a substitute stock for the BIST 50 review period from October 1 through December 31, 2026. That designation is not an index inclusion, but it places Otokar in the exchange's formal replacement list for the quarter.

Analyst expectations provide another quantified reference. Investing.com showed a three-analyst 12-month average target of TRY 449.67, with a low estimate of TRY 380 and a high estimate of TRY 519. The spread highlights the uncertainty surrounding a company whose current market price is TRY 309.25.

Otokar stock stays below yearly high

Otokar stock was trading at TRY 309.25 on Borsa Istanbul on September 24, 2026. The reference price was 2.06 percent below the prior close and 43.4 percent below the 52-week high of TRY 546.50.