Ola Electric Mobility Ltd

Ola Electric Q1 FY27 Outlook: Orders Surge, Margins Expand & Gigafactory Nears Completion ⚡🔋

- Q1 FY27 orders expected at 40,000-45,000 units; bikes contributed 15% of April gross orders.

- Q4 FY26 gross margins rose to 38.5% (33.5% excluding PLI), up from 13.7% in Q4 FY25.

- FY26 revenue: ₹2,253Cr with 173,794 deliveries; full-year gross margin at 30.6%.

- Q1 FY27 revenue projected at ₹500-550Cr (~2x Q4 levels).

- Gigafactory: 2.5 GWh operational now; 6 GWh expansion to complete by Q1 FY27 end.

- Full transition to in-house Bharat Cells (15% adoption currently) by Sept 2026.

- Launched energy storage products (Shakti/Mahashakti) for retail, B2B & grid use.

- Adj. EBITDA breakeven estimated at 20,000-25,000 units/month (~35-38% margins).

- Q4 marked first operating cash flow positive quarter (₹91Cr consolidated CFO).

- Auto biz generated ₹213Cr CFO & ₹173Cr free cash flow in Q4.

- OpEx reduced sharply from ₹844Cr (Q4 FY25) to ₹428Cr (Q4 FY26).

- Holds 50% market share in India’s electric motorcycle segment.