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Ola Electric Mobility
Ola Electric Mobility (OLAELEC) investor relations material
Ola Electric Mobility Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 25/26 earnings summary13 Feb, 2026
Executive summary
Q3 marked a structural reset with a focus on sustainable operations, cost realignment, and service improvement, prioritizing long-term fundamentals over short-term volume growth.
Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved by the Board on February 13, 2026, and reviewed by statutory auditors without material misstatement.
The company operates two main segments: Automotive (vehicle sales and services) and Cell (cell manufacturing and sales).
Delivered INR 470 crore consolidated revenue, with 32,600-700 deliveries and 72,500 cells produced.
Heavy CapEx phase is complete, with current capacity supporting 1 million vehicles and 6 GWh of cell capacity.
Financial highlights
Achieved highest-ever consolidated gross margin at 34.3%, up 16 percentage points year-over-year and 3.4 points sequentially.
Consolidated revenue from operations for the quarter ended December 31, 2025, was INR 470 crore, compared to INR 1,045 crore in the same quarter last year.
Consolidated net loss for the quarter was INR 487 crore, versus INR 564 crore in the same quarter last year.
Consolidated OpEx, including leases, reduced from INR 840 crore at peak to INR 484 crore in Q3.
EBITDA breakeven now at approximately 15,000 units per month.
Outlook and guidance
Gross margins expected to stabilize in the 35%-40% range through FY 2027.
OpEx projected to further decline to INR 250-300 crore over the next quarters, with cost actions already implemented.
No significant new CapEx expected until current capacity is fully utilized.
Management asserts the group will continue as a going concern, supported by available cash, projected operating cash flows, credit limits, and ability to raise borrowings.
Shareholders approved raising up to INR 1,500 crore through equity or convertible securities.
Going concern: How will new funds address losses?
EPR/Battery Waste: Steps to quantify impact?
IPO reallocation: Rationale for capex shift?
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Next Ola Electric Mobility earnings date
Q4 25/2629 May, 2026
Ola Electric Mobility
Next Ola Electric Mobility earnings date
Q4 25/2629 May, 2026
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Frequently asked questions
Ola Electric Mobility Limited is an Indian electric vehicle (EV) manufacturer focused on designing, manufacturing, and marketing electric scooters and other EV solutions. The company aims to promote sustainable urban transportation by providing battery-powered vehicles and establishing charging infrastructure to support electric mobility adoption. In addition to producing EVs, Ola Electric is involved in developing advanced battery technology and energy solutions to enhance vehicle range and efficiency. The company primarily serves the consumer market, contributing to India's shift toward green energy in the transportation sector. Ola Electric Mobility Limited is headquartered in Bengaluru, India, and its shares are listed on the National Stock Exchange of India.
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