Ola Electric Mobility
Other · 1 quarter tracked · source-linked performance and management context.
Latest revenue
₹470 Cr
verified financial record
Quarters tracked
1
source records in the directory
Delivery assessment
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Call date
2026-02-13
latest available source date
Signal trajectory
1 actual quarterCurrent read
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Latest source read
What changed this quarter?
Ola Electric reported Q3 FY26 consolidated revenue of ₹470 crore, with gross margin expanding to 34.3% (+16pp YoY, +340bps QoQ), driven by vertical integration and Gen 3 platform benefits. Deliveries were 32,670 units (production 72,500). Management acknowledged service execution gaps that impacted brand trust and sales, but highlighted a structural cost reset: consolidated opex reduced from ₹844 crore peak to ₹484 crore, targeting ₹250-300 crore steady state. EBITDA breakeven is now at ~15,000 units/month. The gigafactory reached commercial production of 4680 cells, with 2.5 GWh installed, scaling to 6 GWh by March 2026. Heavy capex phase is behind; focus shifts to capacity utilization. Risk: service recovery may take longer than expected, delaying sales rebound.
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Revenue
₹470 Cr
Source date
2026-02-13
Across the record
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