Business Update21 May 2026, 06:21 pm
Ola Electric: Q4 Gross Margin Reaches 38.5%, CFO at ₹91 Cr
AI Summary
Ola Electric Mobility Ltd. reported FY26 volumes were lower than expected but fundamentals strengthened. Q4 saw industry-leading gross margins of 38.5%, up from 34.3% in Q3 and 13.7% last year, and the first operating cash-flow positive quarter with consolidated CFO at ₹91 crore. Auto delivered ₹213 crore CFO and ₹173 crore FCF. The company expects Q1 FY27 revenue of ₹500–550 crore with 40,000–45,000 orders. Ola is scaling up its Gigafactory, with 2.5 GWh operational capacity and plans to transition the full vehicle portfolio to own cells by September 2026.
Key Highlights
- Q4 consolidated gross margin reached 38.5%, an industry-leading margin.
- Q4 was Ola's first operating cash-flow positive quarter with ₹91 crore CFO.
- Ola expects Q1 FY27 revenue of ₹500–550 crore with 40,000–45,000 orders.
- Gigafactory is scaling up with plans to transition to own cells by September 2026.
- Ola aims to rebuild national market share to 15–20% over the next six months.
Price Impact
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