Q1 FY27: Revenue drops 45% YoY, loss at Rs 336 cr; auditor flags qualified review
OLAELEC · price
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Ola Electric Q1 FY27 consolidated revenue fell to Rs 455 cr from Rs 828 cr YoY, down about 45 percent. Net loss narrowed to Rs 336 cr from Rs 428 cr. Statutory auditor issued a qualified review on reversal of Rs 57 cr provision at subsidiary Ola Cell Technologies. Going concern flagged due to negative operating cash flow of Rs 215 cr. Company raised Rs 780 cr via QIP and appointed TRC Corporate Consulting as internal auditor.
Persistent losses, revenue decline, and qualified auditor opinion with going concern flag may pressure stock, though QIP fundraise provides liquidity support.