Ola Electric Q4 FY26 Earnings

Ola Electric Mobility Limited reported its Q4 FY26 and full-year FY26 financial results, showing a consolidated net loss of Rs 500 crore for the quarter, a 42.5% improvement year-on-year, but a 2.7% sequential increase. Revenue from operations significantly declined by 56.6% year-on-year to Rs 265 crore. Despite the revenue drop, Ola Electric achieved its first operating cash-flow positive quarter at Rs 91 crore and saw its consolidated gross margin expand to 38.5%. The company attributed these improvements to vertical integration, platform maturity, and tighter cost controls. For the full fiscal year FY26, revenue halved to Rs 2,253 crore, while the annual net loss narrowed by 19.5% to Rs 1,833 crore. Ola Electric is pursuing additional fundraising through a proposed qualified institutional placement (QIP) and expects Q1 FY27 orders to nearly double Q4 levels, signaling a potential recovery in demand. The company also highlighted improvements in service operations, reduced warranty costs, and the certification of its 4680 Bharat Cell-powered S1 X+ 5.2 kWh electric scooter by India — International Centre for Automotive Technology. Bhavish Aggarwal, Chairman and Managing Director, described FY26 as a 'year of reset' focused on strengthening business fundamentals.