Ola Electric Mobility Limited — PPTs, 20-05-2026: Investor Presentation

Ola Electric just shared its Q4 & FY26 results, highlighting a "reset" quarter.

**1. Business Performance:** Q4 saw lower volumes, but a strong 38.5% gross margin. Operating costs and cash burn improved, with service stabilizing and sales recovering. April registrations jumped 20% MoM to 12,166 units, defying an industry dip. Annual warranty cost dropped sharply to ₹59 Cr in FY26 from ₹555 Cr in FY25. Q4 consolidated revenue was ₹265 Cr.

**2. Growth Drivers & Strategy:** Focus is on vertical integration: EVs + batteries. Gigafactory ramp-up for captive cell demand and energy storage (Shakti, Mahashakti). Roadster motorcycles are a key growth engine, capturing 50% market share in electric motorcycles. AI is boosting efficiency across operations.

**3. Recent Developments:** Service turnaround is key: Average TAT slashed by 88% to just 1 day. Gigafactory has 2.5 GWh operational, targeting 6 GWh by quarter-end.

**4. Key Financial Metrics:** Q4 was the first operating cash flow positive quarter at ₹91 Cr, with auto FCF at ₹173 Cr. Full-year FCF improved significantly to -₹1,492 Cr (from -₹3,367 Cr).

**5. Management Commentary / Outlook:** Expect Q1 FY27 orders to nearly double to 40,000-45,000 units. Management aims for the auto business to achieve operating profitability & positive cash flow in FY27. Gigafactory targets 20 GWh expansion.