OLAELEC Ola Electric Mobility Q4 FY26 results (Jan–Mar 2026) and concall
Ola Electric concluded FY26 with robust financial improvements, including a significant increase in gross margins to 38.5% in Q4 and achieving its first operating cash flow positive quarter. Despite lower volumes in FY26, the company halved its OpEx and drastically reduced warranty costs, while also making substantial progress in Gigafactory scale-up and product quality. Management provided optimistic guidance for Q1 FY27, expecting revenue of 500-550 crores and orders of 40,000-45,000 units, driven by strong demand and operational efficiencies.
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What they filed
Q4 FY26: revenue down 56.6%, net profit up 42.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,214 | 1,045 | 611 | 828 | 690 −43% | 470 −55% | 265 −57% |
| EBITDA | -379 | -460 | -695 | -237 | -203 +46% | -271 +41% | -281 +60% |
| Net profit | -495 | -564 | -870 | -428 | -418 +16% | -487 +14% | -500 +43% |
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.
