Ola Electric Mobility Limited has submitted the transcript of the earnings conference call held for Q4 FY26 with the Stock Exchange

AI summary - Q4 FY26 consolidated gross margin reached 38.5%, up from 34.3% in Q3 and 13.7% last year - FY26 revenue 2,253 Cr with 173,794 deliveries; first operating cash flow positive quarter with 91 Cr CFO in Q4 - Adjusted EBITDA breakeven at 20,000-25,000 units/month; Q1 FY27 orders expected 40,000-45,000 - Gigafactory capacity at 2.5 GWh operational, scaling to 6 GWh by Q2 FY27; plans to expand to 20 GWh next year - Bike segment growing fast with 50% market share; contributes 15% of April gross orders - OpEx halved year-on-year; expected to reduce further to 100-120 Cr/month - R&D to continue at mid-single digit % of revenue; focus on solid-state and sodium ion batteries at lab scale - Auto business near free cash flow generation; minimal CapEx expected going forward - Strong demand rebound with inventory days down to 3-4 and broad-based market share recovery - Multiple analyst queries on breakeven volume and cell cost advantage; management confirms 10-15% cost benefit from own cells at scale