Ola Electric Q1 Results are out now, and after the results, Ola Electric Stock Jumped almost 20%. Ola Electric’s Revenue Dropped by almost 48%. Ola Electric reported 828 Crores of Revenue from operations, which is 48% lower than last year’s 1644 Crores.
Ola Electric reported of 428 crores loss in Q1 FY26. Last Year in the same quarter company also reported of 347 crores loss. Today, after the Ola Electric Q1 Results, the Stock Jumped almost 20% because of strong management commentary. The Main reason for the rise was that Ola Electric’s auto business turned EBITDA positive in June.
Ola Electric delivered a total of 68,192 vehicles in Q1 FY26, as
against 1,25198 vehicles delivered in Q1 FY25. The Ola Electric auto segment reported good improvement in EBITDA to -11.6%, compared to -90.6% in Q4 FY25.
Ola Electric launched Project Lakshya to improve cost optimization. Through this Project Lakshya, the Company reduced monthly auto opex from 178 Crores to 105 Crores.
Ola Electric FY26 Projection
- Ola Electric is expecting total sales of 3,25,000 to 3,75,000 vehicles and generating revenue of 4200 Crores to 4700 Crores in FY2026. The Indian Government is also providing Production Linked Incentive (PLI) benefits to EV Companies.
- Ola Electric, with this PLI benefits beginning from Q2 for the Gen 3 product portfolio, gross margin is projected to rise to 35% – 40%. These PLI benefits, which will be around 40,000 – 345,000 per vehicle. The company also expects the auto business to remain EBITDA positive from Q2 onwards.
4680 Bharat Cell and Gigafactory
Ola Electric is now ready and producing cells that are going to be used in their vehicles. These vehicle deliveries will start this Navratri. The transition from the supplier cells that are used currently to their own 4680 cells will be a phased transition through FY26, starting this quarter.
Mansi Prajapati