Ola Electric Mobility Limited — Investor Meet, 25-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Ola Electric reported a Q4 gross margin of 38.5%, with FY26 revenue reaching 2,253 Cr. A key milestone was achieved with Q4 becoming operating cash flow positive at 91 Cr, while OpEx nearly halved. Management projects Q1 FY27 orders at 40k-45k, aiming for adjusted operating EBITDA breakeven at 20k-25k units/month. EV demand is rebounding, evidenced by April registrations up 20% month-on-month against an industry decline. Service metrics have sharply improved, and Gen 3 warranty costs are down 70%. The Gigafactory has 2.5 GWh operational capacity, scaling to 6 GWh this quarter, with a full vehicle portfolio transition to internal cells by September 2026. The Roadster electric bike is also gaining traction. The company is confident about continued volume recovery and margin leadership in India's EV and battery market.