Ola Electric Mobility Limited has informed the exchange regarding a KPI Databook for quarter ended March 31, 2026
OLAELEC · price
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Ola Electric reported significant declines across key metrics in Q4 FY26. Monthly deliveries fell to 20,256 units, down from 32,680 in Q3 FY26 and 68,192 in Q1 FY26 — representing a steep 70% decline over the fiscal year. Consolidated revenue dropped to Rs 265 crore from Rs 470 crore in Q3 FY26. However, gross margins showed improvement, rising from 25.8% in Q1 FY26 to 38.5% in Q4 FY26. Operating EBITDA loss widened to Rs 281 crore (negative 106% margin) from Rs 271 crore in Q3 FY26. The company remains loss-making with PAT at negative Rs 500 crore for Q4 FY26.
The sharp decline in monthly volumes is a significant concern for shareholders as it suggests weakening demand or market share loss. While gross margin improvement is positive, the widening operating losses despite cost efficiency gains indicate the company is still far from profitability.