Ola Electric Mobility Limited has informed the Exchange about General Updates
OLAELEC · price
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Ola Electric reported Q1 FY26 revenue of ₹828 Cr with 68,192 electric two-wheeler deliveries, both ahead of guidance. Auto segment gross margin improved sharply to 25.6% (from 13.8% in Q4 FY25) and the auto business turned EBITDA positive in June 2025, with monthly opex cut from ₹178 Cr to ₹105 Cr under Project Lakshya. Consolidated EBITDA loss narrowed to ₹237 Cr from ₹695 Cr in Q4 FY25, and consolidated free cash flow improved to -₹282 Cr from -₹625 Cr. The company will launch vehicles with its in-house 4680 cells starting this Navratri, with Gen 3 scooters now making up 80% of scooter sales and 50% of buyers opting for paid MoveOS+ software. FY26 guidance: 3.25-3.75 lakh vehicle volumes, ₹4,200-4,700 Cr revenue, exit gross margin of 35-40%, and positive auto FCF by year-end.
Clear progress on the path to profitability with auto EBITDA turning positive in June and a roadmap to positive auto FCF by FY26 exit provides medium-term comfort for shareholders. However, consolidated losses remain large (-₹428 Cr PAT), cell business is still in heavy investment mode, and competitive intensity in the EV two-wheeler market is rising, keeping near-term stock reaction dependent on execution of margin and cash flow improvements.