Ola Electric Mobility Limited has informed the Exchange about Investor Presentation
OLAELEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ola Electric reported Q3 FY26 deliveries of 32,680 units (down from 52,666 in Q2), with revenue falling to ₹470 crore from ₹690 crore quarter-on-quarter. The company posted a record consolidated gross margin of 34.3%, up 15.7 percentage points year-on-year, driven by vertical integration and Gen3 platform economics. However, adjusted operating EBITDA loss widened to ₹323 crore and PAT loss stood at ₹487 crore, with free cash flow at negative ₹781 crore and cash balance declining to ₹1,991 crore. Management framed the quarter as a 'structural reset,' cutting quarterly opex from ₹840 crore (Q4 FY25 peak) to ₹484 crore, targeting a steady-state of ₹250–300 crore that lowers EBITDA breakeven to 15,000 units/month. The Gigafactory doubled cell production to 72,418 cells and began commercial deployment of in-house 4680 Bharat cells via the new Ola Shakti product. Management guided gross margins to 35–40% in FY27 and sees revenue potential of ₹15,000–20,000 crore over the next few years from existing 1 million vehicle / 6 GWh capacity.
Mixed for shareholders: record gross margins and cost discipline signal improving unit economics, but continued cash burn (₹1,991 crore remaining), shrinking volumes, and deep operating losses mean the stock remains a recovery bet. Near-term sentiment hinges on whether the service stabilisation efforts translate into sales revival; if volume recovery materialises, the lower breakeven could accelerate the path to profitability.