OLAELEC Ola Electric Mobility Q3 FY26 results (Oct–Dec 2025) and concall
Ola Electric reported a strong Q3 FY26 with consolidated revenue of ₹470 crores and a record gross margin of 34.3%, driven by vertical integration and cost optimization. The company has completed its major Capex phase for current capacity and significantly reduced quarterly OPECs, lowering its EBITDA breakeven to ~15,000 units per month. While acknowledging service challenges that impacted sales, management is focused on recovery and expects to fully institutionalize service within the next quarter, positioning the company for future growth.
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What they filed
Q3 FY26: revenue down 55.0%, net profit up 13.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 1,214 | 1,045 | 611 | 828 | 690 −43% | 470 −55% |
| EBITDA | -379 | -460 | -695 | -237 | -203 +46% | -271 +41% |
| Net profit | -495 | -564 | -870 | -428 | -418 +16% | -487 +14% |
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.
