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Ola Electric Mobility Limited Q3 FY26 results deck summary

NSE: OLAELEC · BSE: 544225

Results deck of 13 Feb 2026, summarised by AI from the filing.

Q3 FY26 consolidated gross margin 34.3%, up 15.7 pp YoY, with opex reset to ₹484 cr and Gigafactory scaling to 6 GWh by March 2026.

Key takeaways

  1. Gross margin Consolidated gross margin 34.3%, expanding 15.7 pp YoY and 3.4 pp QoQ.
  2. Guidance Management sees gross margins in the 35-40% range in FY27.
  3. Opex reset Consolidated quarterly opex reduced to ₹484 cr in Q3 FY26 from approximately ₹840 cr at peak expansion in Q4 FY25.
  4. Gigafactory Cell production doubled vs Q2 to 72,418 cells, with first commercial deployment of in-house 4680 Bharat cells.
  5. Service Service backlogs reduced by nearly half, from 14 days in November to 7–8 days currently.

Original filing on BSE

Ola Electric Mobility Limited Q1 FY27 results

As filed: Revenue ₹455 cr (−45% year on year), EBITDA −₹165 cr, PAT −₹336 cr, EBITDA margin -36.3% (−764 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹265 cr (−57% year on year), EBITDA −₹281 cr, PAT −₹500 cr, EBITDA margin -106.0%. Score 0 of 100, Below trend. Not enough history for a trend yet: scored on growth alone. Revenue fell 44% from last quarter. Share price after the results: +14.3% in 30 days (Nifty 500: +2.5%).
  • Q3 FY26: Revenue ₹470 cr (−55% year on year), EBITDA −₹271 cr, PAT −₹487 cr, EBITDA margin -57.7% (−1,000 bps). Score 0 of 100, Below trend. EBITDA margin fell 1000 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 32% from last quarter. Share price after the results: −25.3% in 28 days (Nifty 500: −8.2%).
  • Q2 FY26: Revenue ₹690 cr (−43% year on year), EBITDA −₹203 cr, PAT −₹418 cr, EBITDA margin -29.4% (+180 bps). Score 24 of 100, Below trend. EBITDA margin rose 180 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 17% from last quarter. Share price after the results: −29.1% in 29 days (Nifty 500: +0.7%).
  • Q1 FY26: Revenue ₹828 cr (−50% year on year), EBITDA −₹237 cr, PAT −₹428 cr, EBITDA margin -28.6% (−1,000 bps). Score 0 of 100, Below trend. EBITDA margin fell 1000 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: +1.8% in 30 days (Nifty 500: −2.5%).
  • Q4 FY25: Revenue ₹611 cr, EBITDA −₹695 cr, PAT −₹870 cr, EBITDA margin -113.8%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹611 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: −19.1% in 29 days (Nifty 500: +3.3%).
  • Q3 FY25: Revenue ₹1,045 cr, EBITDA −₹460 cr, PAT −₹564 cr, EBITDA margin -44.0%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹1,045 cr). Scored once a year-earlier consolidated quarter exists.
  • Q2 FY25: Revenue ₹1,214 cr, EBITDA −₹379 cr, PAT −₹495 cr, EBITDA margin -31.2%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹1,214 cr). Scored once a year-earlier consolidated quarter exists.

Past price moves after results do not indicate future moves. Not a recommendation.

Ola Electric Mobility Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.