Ola Electric Mobility Limited has informed the exchange a Press Release dated May 20, 2026
OLAELEC · price
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Ola Electric reported its first operating cash flow positive quarter in Q4 FY26 with consolidated CFO of ₹91 Cr. Consolidated gross margin expanded to 38.5% in Q4, up from 13.7% a year ago, driven by vertical integration and platform maturity. Q4 revenue was ₹265 Cr with 20,256 units delivered. Service operations showed dramatic improvement with turnaround time reduced by 88% to about 1 day. April registrations rose 20% month-on-month to 12,166 units while the broader E2W industry declined over 22%. Operating expenses reduced significantly from ₹844 Cr to ₹428 Cr quarter-over-quarter. The Gigafactory has 2.5 GWh operational with 6 GWh installation largely complete. The company expects Q1 FY27 orders to nearly double to around 45,000 units.
This marks a significant turnaround as Ola Electric achieves cash flow positivity and margin expansion while the EV industry faces headwinds. The improvement in service quality and sales recovery suggest the company is addressing its historical pain points, which could restore investor confidence and support stock price recovery.