What was Ola Electric Mobility's revenue in Q3 FY26?

Ola Electric Mobility reported revenue of ₹470 Cr in Q3 FY26, a — change year-over-year.

Did Ola Electric Mobility management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Ola Electric Mobility Q3 FY26 Research Workspace: Revenue ₹470 Cr (—)

Q: What guidance did Ola Electric Mobility management give?

Gross margin 35-40% in FY26-27: Management expects consolidated gross margins to stabilize in the 35-40% range during FY26-27, driven by vertical integration and scale.

Revenue ₹470 Cr

EBITDA —

PAT ₹-487 Cr

EBITDA Margin —

Duration 35 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

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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Research workspace

Focused Modules

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Risk Intelligence

Service recovery timeline uncertain

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Quarter Snapshot

Deliveries 32,670

N/A

Quarterly deliveries; production was 72,500 units.

Gross Margin 34.3%

+16pp YoY, +340bps QoQ

Highest ever consolidated gross margin, driven by vertical integration and Gen 3 platform.

Consolidated Opex ₹484 crore

-43% from peak ₹844 crore

Opex reduced through structural cost reset; target ₹250-300 crore steady state.

Cell Production (4680) 2,400 cells

2x QoQ

First commercial deployment of in-house 4680 cells; gigafactory at 2.5 GWh installed.

Fast read

Guidance and risk preview

Top guidance Gross margin 35-40% in FY26-27

Management expects consolidated gross margins to stabilize in the 35-40% range during FY26-27, driven by vertical integration and scale.

Top risk Service recovery timeline uncertain

Management acknowledged service execution gaps but did not provide a specific timeline for full recovery, which could delay sales rebound.