OLAELEC Ola Electric Mobility Q1 FY27 results (Apr–Jun 2026) and concall
Ola Electric Mobility Limited reported a strong Q1 FY27, marking a significant turnaround with sequential growth in deliveries and revenue, improved gross margins, and a substantial reduction in operating expenses. The company's adjusted operating EBITDA improved to negative ₹195 crores from negative ₹326 crores in Q4 FY26, driven by a leaner operating base and increased volumes. Strategic developments include the upcoming operationalization of the 6 GWh Gigafactory, BIS certification for LFP cells, and a shift to a multi-channel distribution strategy to enhance growth.
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What they filed
Q1 FY27: revenue down 45.0%, net profit up 21.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,214 | 1,045 | 611 | 828 | 690 −43% | 470 −55% | 265 −57% | 455 −45% |
| EBITDA | -379 | -460 | -695 | -237 | -203 +46% | -271 +41% | -281 +60% | -165 +30% |
| Net profit | -495 | -564 | -870 | -428 | -418 +16% | -487 +14% | -500 +43% | -336 +21% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
