Ola Electric Mobility Limited — PPTs, 13-02-2026: Investor Presentation

Ola Electric's Q3 FY26 reflects a strategic reset, shifting focus from short-term volumes to foundational strength. Revenue declined to ₹470 Cr, with deliveries at 32,680 units, as the company realigned its retail footprint and cost structure. Despite this, consolidated gross margin significantly expanded to a record 34.3%, driven by deep vertical integration. The net loss for the quarter was ₹487 Cr.

Strategic initiatives include a massive cost optimization, slashing operating expenses to ₹432 Cr, targeting a steady-state of ₹250-300 Cr to lower the EBITDA breakeven to 15,000 units/month. The Gigafactory is rapidly scaling, doubling cell production to 72,418 units and commercially deploying in-house 4680 Bharat cells, used in the new 'Ola Shakti' product. Service execution has notably improved, reducing backlogs by half.

Management highlights the heavy capex phase is largely complete, with future focus on scaling into existing capacity for ₹15,000-20,000 Cr revenue potential. They anticipate gross margins reaching 35-40% in FY27, expecting sales recovery as service stabilizes and product superiority, offering industry-leading range and performance, reasserts brand confidence.