Ola Electric Mobility Limited — Investor Meet, 18-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Ola Electric's Q3FY26 results show ₹470 Cr consolidated revenue with a record 34.3% gross margin, up 16% YoY. Deliveries were 32,680 units, producing ~72,500 cells. The heavy Capex phase is complete, supporting 1M vehicles and 6 GWh cell capacity. Management acknowledged service challenges impacted sales but highlighted 90% product satisfaction. Service backlogs reduced 50% to 7-8 days. Consolidated Opex slashed from ₹840 Cr to ₹484 Cr, targeting ₹250-300 Cr, setting breakeven at ~15,000 units/month. Gigafactory is operational with 4680 Bharat cells in commercial production, scaling to 6 GWh by March 2026. The company is poised to leverage its strong product and cost structure for profitable growth.