Ola Electric Announces Q2 FY26 Results: Achieves Auto EBITDA Profitability
Ola Electric announces Q2 FY26 results, achieving Auto EBITDA profitability with a 30.7% gross margin and revenue from operations at ₹690 crore. Plans expansion into energy storage and cell manufacturing.
The achievement of EBITDA profitability and expansion into new energy sectors signal a significant turning point for the company, potentially attracting investor interest and reshaping its market position.
The announcement highlights positive financial achievements, including Auto EBITDA profitability and margin expansion, along with strategic growth initiatives in energy storage and cell manufacturing.
* Ola Electric achieved Auto EBITDA profitability for the first time, with a 30.7% gross margin and a ~52% reduction in operating expenses QoQ. * The auto business turned cash-generative, with underlying cash flow from operations of ₹15 crore (reported -₹40 crore after one-time festive inventory build-up). * Ola Gigafactory commissioned 2.5 GWh capacity, scaling to 5.9 GWh by March 2026. * Expanded into Energy with Ola श ि त, India’s first residential BESS with in-house 4680 cells. * Automotive segment revenue from operations was ₹688 crore in Q2 FY26, with a gross margin of 30.7%. * Consolidated revenue from operations stood at ₹690 crore. * Expecting to reduce opex to about ₹350 crore - ₹375 crore by Q1 FY27 through further operational consolidation and efficiencies through technology. * Launched container BESS product with own cells by Q1 FY26. * Plans to expand cell-manufacturing capacity to 20 GWh by the second half of FY27. * Expect FY26 consolidated revenue of around ₹3,000 - ₹3,200 crore. * Target total deliveries of approximately 100,000 units for H2 FY26. * Expect to exit Q4 with Auto gross margins around 40% and segment EBITDA of around 5%. * Cell gross margins are expected to stabilise at 30% by early FY27.
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Ola Electric Mobility Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Ola Electric Mobility Limited. Read the original for the full detail.