Ola Electric Mobility Limited has informed the Exchange about General Updates
OLAELEC · price
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Ola Electric shared its Q1 FY26 (Apr–Jun 2025) KPI data book showing total deliveries of 68,192 units, up about 33% from 51,375 in Q4 FY25 but down roughly 46% from 1,25,198 in Q1 FY25. Revenue from operations came in at ₹828 Cr, improving from ₹611 Cr in Q4 FY25 but sharply lower than ₹1,644 Cr a year ago. Gross margin hit a record 25.8% of revenue (₹214 Cr), a major jump from 13.7% in Q4 FY25, suggesting better unit economics, especially in the mass-market segment. The company, however, remains loss-making with consolidated EBITDA of -₹237 Cr and a net loss (PAT) of -₹428 Cr, though both are much narrower than Q4 FY25's -₹695 Cr and -₹870 Cr respectively. The mass segment now accounts for nearly 75% of deliveries (50,943 units) versus 17,249 premium units.
The strong sequential jump in gross margin percentage and the narrowing of losses are positive signs of improving profitability per unit, but the steep YoY drop in deliveries and revenue highlights continued demand and growth challenges for shareholders.