Ola Electric Mobility Limited · NSE:OLAELEC
Ola Electric Mobility — Q1 FY26 Earnings Presentation
28 slides from Ola Electric Mobility's earnings presentation, Jul 14, 2025
Slide 1: Intimation letter to NSE and BSE: investor presentation
OLA ELECTRIC MOBILITY LIMITED CIN - L74999KA2017PLC099619 (Formerly known as Ola Electric Mobility Private Limited) Date: July 14, 2025 To, To, National Stock Exchange of India Ltd., BSE Limited Address: Exchange Plaza, C-1, Block G, Bandra Address: Phiroze Jeejeebhoy Towers Kurla Complex, Bandra (E
Slide 2: Shareholders' Letter Q1 FY26
OLAELECTRIC SHAREHOLDERS' LETTER Q1 FY26 | JULY 14, 2025 ROADSTER BIKE OF THE FUTURE
Slide 3: Headline KPIs and Highlights
Headline KPIs? 3828 Cr 25.6% -11.6% -28.6% R enue f Auto G Auto EBITDA eConsolidated eration: Margin Margin EBITDA Margin Highlights Auto segment delivered on our Q1FY26 guidance and turned EBITDA positive in the month of June Auto segment cash generation within reach, Q1FY26 nearly neutral, structu
Slide 4: Key Financial Metrics
Key Financial Metrics (Unaudited) Deliveries (units) 1,25198 98,619 84,029 51,375 68,192 Premium 75,977 42,074 29,283 15764 17,249 Mass 49221 56,545 54,746 35611 50,943 Cells Produced (units) - - - - 11,744 Revenue from Operations 1214 1,045 Gross Margin 303 225 194 84 212 Gross Margin (%) 18.4% 18.
Slide 5: Results commentary: margins and cost reduction
Results were in line with guidance on both top line and bottom line. We delivered 68,192 vehicles2 and the auto business crossed a major milestone by being EBITDA positive for the month of June. GM was 25.6% despite PLI contribution being only 1.8% as Gen 3 scooters and bikes will get certification
Slide 6: Warranty explanation
Warranty explanation One particular area of concern in our conversations with investors has been warranty costs. In Q4 We took a one time Y250 Cr provision to provide for earlier Gen 1 and Gen 2 products. In general, our quality has been improving significantly with each generation and claims in Gen
Slide 7: Rare earth free motors and ABS transition
Scan the QR code or Click here to play this video In addition, for the last couple of years, we have been developing rare earth free motors. We accelerated this program in April when the rare earth cuts happened and have already productionised our rare earth free motors which will be coming into our
Slide 8: 4680 Bharat Cell and Gigafactory
4680 Bharat Cell and Gigafactory We are now ready and producing cells that are going to be used in our vehicles. These vehicle deliveries will be starting this Navratri. The transition from the supplier cells we use currently to our own 4680 cells will be a phased transition through FY26, starting t
Slide 9: Cell competitiveness and unit economics
In addition to unit economics, we get asked how our cell will compete with the supply excess in China. Cells are not a pure commaodity but rather a highly technical component. The cost of cells is a function of 3 things - input commodity costs for Li, Ni, Mn etc, conversion cost, and technology whic
Slide 10: D2C Network and Outlook
D2C Network Through Project Vistaar, we expanded our network across the country in the last couple of quarters and have benefited from this by the reduction of inventory levels by removing a layer of warehouses. We are now focused on institutionalising operations and improving customer experience, f
Slide 11: Key Graphs: industry volumes and Ola deliveries
Key Graphs All numbers in X Cr unless otherwise stated Graph 1: Industry E2W volumes (‘000 units) and EV Penetration 68% 115, 6.9% 333k 305k 287k 306k 299k 218k 217k 218k 2z 223k 181k 137 151K 117k 11k48k72k Q1FY22 Q3 FY22 Q1FY23 Q3FY23 Q1FY24 Q3FY24 Q1FY25 Q3FY25 Q1FY26 e2W Volumes @ EV Pen. % Sour
Slide 12: Graphs: ASP and GM per unit
Graph 3: Average Selling Price (ASP) per unitin 3 FY24 QLFY25 Q2FY25 Q3FY25 Q4FY25 QIFY26 Graph 4: GM per unitin 3 FY24 QLFY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 OLAELECTRIC 11
Slide 13: Graphs: Auto GM and EBITDA
Graph 5: Auto GM - with and without Incentive 25.6% 22% 18.4% 18.5% 18.6% 13.8% -12% -8.5% -43.9% Auto GM% B Auto GM% Exc. PLI Il Auto GM % Excl PLI & PME-Drive FY23 Fy24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 As a % of Revenue from Operation Graph 6: Auto EBITDA and EBITDA Margin Q1FY25 Q2FY25 Q3FY25 Q
Slide 14: Graphs: Consolidated EBITDA and Auto cash flow
Graph 7: Consolidated EBITDA and EBITDA Margin QLFY25 Q2FY25 Q3FY25 Q4FY25 QLFY26 | \ -205 237 -125% 22 Consolidated EBITDA @ Consolidated EBITDA % Graph 8: Auto segment CFO and FCF Q1FY25 Q2 FY25 Q3FY25 Ql FY26 -107 -181 -538 -611 Cash flow from Operations Il Free Cash Flow OLAELECTRIC
Slide 15: Graphs: Cell and consolidated cash flow
Graph 9: Cell CFO and FCF Q1FY25 Q2FY25 Q3FY25 Q4 FY25 Q1FY26 -11 A6 | -26 36 -32 -76 -91 -132 -148 -154 ' Cash flow from Operations I Free Cash flow Graph 10: Consolidated CFO and FCF Q1FY25 Q2FY25 Q3FY25 Q4 FY25 Q1FY26 ; - -143 201 -282 -625 BB -625 R835 = -817 -1,042 | Cash flow from Operations I
Slide 16: Graphs: EBITDA to CFO to FCF walk
Graph 11: Auto EBITDA to CFO to FCF walk EBITDA Cash & Non Changein Cash flow from R&D Growth Free Cash Items Working Capital Operations Capex Capex Cash Flow =27 -96 54 -107 -32 Graph 12: Consolidated EBITDA to CFO to FCF walk EBITDA Cash & Non Changein Cash flow from Growth R&D Free Cash Items Wor
Slide 17: Existing debt obligations and net interest
Graph 13: Existing debt obligations and net interest (excluding short term debt) 1154 610 526 315 333 330 FY26E FY27E FY28E FY29E FY30E FY31-35E OLAELECTRIC 16
Slide 18: Profit and Loss Statement - Auto
Detailed financials Ola Electric Mobility Profit and Loss Statement - Auto In ZCr Q1FY25 Q2FY25 Q3FY25 Q4FY25 QLFY26 Revenues Auto Sales 1,516 1137 924 548 806 Production linked incentive 128 121 63 20 Total Auto Revenue 1644 1214 1,045 611 826 Cost of goods sold Auto 1,341 989 851 527 614 Total Cos
Slide 19: Profit and Loss Statement - Cell
Ola Electric Mobility Profit and Loss Statement - Cell In ZCr Q1FY25 Q2FY25 Q3FY25 Q4FY25 QLFY26 Revenues Cell Sales Production linked incentive Total Cell Revenue Cost of goods sold Cell Total Cost of Goods Sold Gross Profit Operating Expenses Research and development 13 Selling, general and admini
Slide 20: Profit and Loss Statement - Consolidated
Ola Electric Mobility Profit and Loss Statement - Consolidated In ZCr Q1FY25 Q2FY25 Q3FY25 Q4FY25 QLFY26 Revenues Auto and Cell Sales 1,516 1137 924 548 808 Production linked incentive 128 121 63 20 Total Revenue 1644 1214 1,045 611 828 Cost of goods sold Auto and Cell 1,341 989 851 527 614 Total Co
Slide 21: Consolidated Statement of Cash flows
Consolidated Statement of Cash flows In Zcr Q1FY25 Q2FY25 Q3FY25 Q4FY25 QLFY26 Cash flows from operating activities Profit / (Loss) After Tax (PAT) (347) (495) (564) (870) (428) Adjustments to reconcile PAT to net cash used in operating activities: Depreciation and amortization 125 133 138 170 165 E
Slide 22: Q1 FY26 Highlights: Roadster X production
Photographs | Q1 FY26 Highlights Started Production of Roadster X | April 2025 OLAELECTRIC
Slide 23: Roadster X Deliveries Begin
Roadster X Deliveries Begin | May 2025 OLAELECTRIC 2
Slide 24: MoveOS Mass Roll-out
MoveOS 5 Mass Roll-out | June 2025 94. BIVMODE- 161 128 113 90 5 650 m Turn left onto 5th Main Road, 4th 8lack \ } ENTS WiFi Bluetooth Dark Mode Ac -corence L) A e 7.2 km - 2nd Cross Rd, HSR Mood Sound ~ Safety Lights All Settings > Layout, Bengaluru DisTANCE o e 9621 km 06:00 am to ¥ 01:00pm 12, 00
Slide 25: Ola Gigafactory / Ola Futurefactory
OLA GIGAFACTORY OLA FUTUREFACTORY OLAELECTRIC 2
Slide 26: Appendix 1: Q1FY26 vs. Guidance
Appendix Appendix 1: Q1FY26 vs. Guidance Adj Revenue 800-850 Cr 833Cr Deliveries 65,000 68,192 Gross Margin 28-30% 26.5% Auto EBITDA Margin -10% -10.2% Consolidated EBITDA Margin -25% -28% OLAELECTRIC >
Slide 27: Ola Manifesto
OLA MANIFESTO If you’re going to dream, make it an impossible one. And then, make it happen. If you're travelling new paths, be up for doing it alone. If you're proud of where you are from, make where you're from proud of you. If you’re going to compete, start where everybody else finishes. If you’r
Slide 28: Disclaimer
Disclaimer This document, except for historical information, may contain certain forward-looking statements including those describing the Company’s strategies, strategic direction, objectives, future prospects, estimates etc. Forward-looking statements can be identified generally as those containin
Ola Electric Mobility — Q1 FY26 Earnings Presentation on 6ix