Ola Electric Mobility Limited — Investor Meet, 30-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Ola Electric posted Q4 revenue of ₹649 Cr with a 19.2% gross margin, affected by one-time registration delays. Deliveries dipped despite higher sales. Q1 targets 65,000 deliveries, ₹800-850 Cr revenue, and 28-30% gross margin, backed by Gen 3 ramp-up and cost efficiencies. Warranty provisions for older models total ₹250 Cr; Gen 3 warranty costs are half of Gen 2. Roadster launch has strong demand, focusing on smaller towns. Gen 3 features 90% in-house engineering, improving cell yields, with ₹1,700-1,800 Cr FY26 CapEx mainly for cell expansion. MoveOS+ software monetization boosts premium margins. Management is confident on profitability growth and market leadership.