Ola Electric Mobility Limited (OLAELEC)
Ola Electric Mobility Limited has informed the exchange regarding the shareholders letter of the company
Press Release - Q1FY27
- Automotive revenue grew 72% QoQ to ₹455 crore; gross margin sustained at 30.5%
- Orders increased 96% QoQ to ~44K units; deliveries up 94% QoQ to ~39.2K units
- Operating expenses reduced 22% QoQ to ₹333 crore; focus on steady-state cost base of ₹300 crore per quarter
- Market share rose from 5.1% to 8.4% QoQ, outpacing 17% E2W market growth
- Cell business Gigafactory to reach 6 GWh capacity by Sep 2026; new energy storage platform Mahashakti launching Aug 15
- AI integration improved sales conversion by ~17% and appointment conversion by ~47%
- Strong regional growth across India with balanced expansion strategy
- Raised ₹780 crore via Qualified Institutional Placement, 56% oversubscribed
Source: Original filing PDF
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🚨 OLAELEC — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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