Ola Electric Mobility Limited has informed the exchange regarding a shareholders communication dated May 21, 2026
OLAELEC · price
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Ola Electric's FY26 was marked by lower volumes but significantly stronger fundamentals. Q4 saw a major milestone with first operating cash-flow positive quarter—consolidated CFO of ₹91 crore and auto segment CFO of ₹213 crore. Gross margins improved dramatically to 38.5% from 13.7% a year ago, now industry-leading among 2W OEMs. Cost base was reset with opex down from ₹844 crore to ₹428 crore quarter-on-quarter. Operational metrics improved sharply: service turnaround down 88%, warranty costs down 70%. April registrations rose 20% MoM while the broader E2W industry declined 22%. The Gigafactory has 2.5 GWh operational with 6 GWh coming online. The company targets 40,000-45,000 orders and ₹500-550 crore revenue in Q1 FY27, aiming for market share of 15-20% in six months.
This communication signals a operational turnaround for Ola Electric with improving profitability, cash generation, and market share recovery—positive indicators for investors as the company transitions from build-out to disciplined scaling.