Ola Electric Q1 FY27 results: revenue halves YoY, auditor flags qualified opinion
OLAELEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Ola Electric Q1FY27 revenue fell to INR 455 cr from INR 828 cr YoY, about 45 percent lower. Net loss narrowed to INR 336 cr from INR 428 cr. Operating cash flow was negative at INR 215 cr. Raised INR 780 cr via QIP. Auditor issued qualified opinion on PLI provision reversal and flagged going concern risks.
Revenue fell sharply YoY though losses narrowed. Qualified auditor opinion and going concern flag are negatives. QIP funds provide near-term liquidity.