Ola Electric Mobility Limited · NSE:OLAELEC

Ola Electric Mobility — Q2 FY26 Earnings Presentation

27 slides from Ola Electric Mobility's earnings presentation, Nov 6, 2025

  1. Slide 1: Exchange intimation letter for investor presentation

    OLA ELECTRIC MOBILITY LIMITED CIN - L74999KA2017PLC099619 (Formerly known as Ola Electric Mobility Private Limited) Date: November 06, 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, Bandr

  2. Slide 2: Ola Electric

    OLA ELECTRIC so LETTER aS a zg

  3. Slide 3: Headline KPIs and Highlights

    Headline KPIs Highlights ●​ Achieved Auto EBITDA1 profitability for the first time, supported by a 30.7% gross margin (up 510 bps QoQ) and a ~52% reduction in operating expenses vs Q3 FY25. ●​ Auto business turned cash-generative, with underlying cash flow from operations of ₹15 cr (reported -₹40 cr

  4. Slide 4: Key Financial Metrics

    Key Financial Metrics (Unaudited) Key Operating Metrics Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Deliveries (units) 98,619 84,029 51,375 68,192 52,666 Premium 42,074 29,283 15,764 17,249 13,418 Mass 56,545 54,746 35,611 50,943 39,248 Cells Produced (units) 11,744 38,080 Automotive Segment (in ₹cr) Q2

  5. Slide 5: Consolidated results and margin expansion

    Consolidated (in ₹cr) Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Revenue from Operations 1,214 1,045 611 828 690 Gross Margin 225 194 84 214 213 Gross Margin (%) 18.5% 18.6% 13.7% 25.8% 30.9% Operating Expenses 604 654 779 451 416 Operating EBITDA -379 -460 -695 -237 -203 EBITDA -279 -333 -578 -169 -13

  6. Slide 6: Cell business

    Our R&D lead continues to grow and will deliver further product differentiation and margin expansion in the near future. We achieved India's first government certified ferrite motor in October 2025, eliminating dependency on rare-earth imports while delivering performance equivalent to conventional

  7. Slide 7: Ola शक्ति — Our Entry into Energy Storage

    We are also the largest winner under the Government of India’s Advanced Chemistry Cell PLI scheme, and expect to start claiming incentives from Q4 FY26 onward, as production volumes scale. These inflows will directly strengthen our Cell segment margins and cashflow. Integration with Auto: Foundation

  8. Slide 8: Outlook and capital allocation

    Ola शक्ति Portfolio Outlook and capital allocation As we look ahead, our business is entering a more balanced and diversified phase. Over the next few quarters, our revenue mix will progressively expand beyond automotive, driven by the ramp-up of our energy products. Gross margins will continue to s

  9. Slide 9: Free Cash Flow and Capital Planning

    Free Cash Flow and Capital Planning For the Auto business, capex in Q3 and Q4 is estimated at ₹100 cr - ₹150 cr. As working capital stabilises, we should exit FY26 with our Auto business being FCF positive. For the Cell business, capital expenditure will continue toward completing the 5.9 GWh Gigafa

  10. Slide 10: Key Graphs

    Key Graphs All numbers in ₹ Cr unless otherwise stated Graph 1: Industry E2W volumes and EV Penetration Graph 2: Average Selling Price (ASP) per unit in ₹ Graph 3: Auto GM per unit in ₹ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 9

  11. Slide 11: Auto GM and Operating EBITDA graphs

    Graph 4: Auto GM - with and without incentives Graph 5: Auto Operating EBITDA and EBITDA Margin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10

  12. Slide 12: Consolidated EBITDA and Auto CFO/FCF graphs

    Graph 6: Consolidated Operating EBITDA and EBITDA Margin Graph 7: Auto segment CFO and FCF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 11

  13. Slide 13: Cell and Consolidated CFO and FCF graphs

    Graph 8: Cell CFO and FCF Graph 9: Consolidated CFO and FCF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 12

  14. Slide 14: EBITDA to CFO to FCF walk graphs

    Graph 10: Auto Operating EBITDA to CFO to FCF walk Graph 11: Consolidated Operating EBITDA to CFO to FCF walk ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13

  15. Slide 15: Existing debt obligations and net interest

    Graph 12: Existing debt obligations and net interest (excluding short term debt) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 14

  16. Slide 16: Profit and Loss Statement - Auto

    Detailed financials Ola Electric Mobility Profit and Loss Statement - Auto​ (Unaudited) In ₹ Cr Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Revenues Auto Sales 1,137 924 547 806 669 Production linked incentive 77 121 64 20 19 Total Automotive Revenue 1,214 1,045 611 826 688 Cost of Goods Sold Auto 989 8

  17. Slide 17: Profit and Loss Statement - Cell

    Ola Electric Mobility Profit and Loss Statement - Cell (Unaudited) In ₹ Cr Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Revenues Cell Sales 1 3 4 3 4 Production linked incentive - - - - - Total Cell Revenue 1 3 4 3 4 Cost of Goods Sold Cell 1 1 1 1 2 Total Cost of Goods Sold 1 1 1 1 2 Gross Profit - 2 3

  18. Slide 18: Profit and Loss Statement - Consolidated

    Ola Electric Mobility Profit and Loss Statement - Consolidated (Unaudited) In ₹ Cr Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Revenues Automotive and Cell Sales 1,137 924 547 808 671 Production linked incentive 77 121 64 20 19 Total Revenue from Operations 1,214 1,045 611 828 690 Cost of Goods Sold Aut

  19. Slide 19: Consolidated Statement of Cash Flows

    Ola Electric Mobility - Consolidated Statement of Cash Flows (Unaudited) Description Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Cash Flows from Operating Activities Profit / (Loss) After Tax (PAT) -495 -564 -870 -428 -418 Adjustments to reconcile PAT to net cash used in operating activities: Depreciati

  20. Slide 20: Photographs | Q2 FY26 Highlights

    Photographs | Q2 FY26 Highlights Sankalp Event | August 2025 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 19

  21. Slide 21: Ola Gigafactory

    Ola Gigafactory ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 20

  22. Slide 22: Ola Futurefactory

    Ola Futurefactory ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 21

  23. Slide 23: Ola Battery Innovation Centre (BIC)

    Ola Battery Innovation Centre (BIC) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 22

  24. Slide 24: Videos | Q2 FY26 Highlights

    Videos | Q2 FY26 Highlights Sankalp Recap 4680 Bharat Cell ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 23

  25. Slide 25: Ola शक्ति

    Ferrite Motor Ola शक्ति ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 24

  26. Slide 26: Manifesto

    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're lo

  27. Slide 27: 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

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