Ola Electric Mobility Limited · NSE:OLAELEC
Ola Electric Mobility — Q3 FY26 Earnings Presentation
26 slides from Ola Electric Mobility's earnings presentation, Feb 13, 2026
Slide 1: Submission of Investor Presentation to NSE and BSE
OLA ELECTRIC MOBILITY LIMITED CIN - L74999KA2017PLC099619 (Formerly known as Ola Electric Mobility Private Limited) February 13, 2026 To, To, National Stock Exchange of India Limited BSE Limited Address: Exchange Plaza, C-1, Block G, Bandra Address: Phiroze Jeejeebhoy Towers Kurla Complex, Bandra (E
Slide 2: Shareholders' Letter Q3 FY26
“OLAELECTRIC SHAREHOLDERS’ LETTER Q3 FY26 | FEB 13, 2026
Slide 3: Headline KPIs and Operational Commentary
Headline KPIs Financial Results and Operational Commentary Q3 FY26 marks a structural reset for Ola Electric. As EV penetration growth has slowed and our service execution has required strengthening, we chose to realign our retail footprint, cost structure, and operating model to a sustainable
Slide 4: Product Roadmap and Gross Margin
That structural advantage is reflected in our numbers. In Q3 FY26, we delivered a record consolidated gross margin of 34.3%, expanding 15.7 pp YoY and 3.4 pp QoQ. This is a direct outcome of vertical integration, Gen3 economics, and disciplined execution. As we’ve said before, we see our GMs in the
Slide 5: Service Challenges: Execution, Not Product Quality
Service Challenges: Execution, Not Product Quality We acknowledge that service execution gaps impacted brand trust for prospective customers. These were service infrastructure and execution issues — not product quality issues. Customer trust and preference for our product remains strong, as indicate
Slide 6: Roadmap for Sales Recovery and Growth
The challenge we faced was service scale and execution. Through our Hyperservice initiative, we have structurally strengthened service operations by: ● Improving parts availability through supply chain redesign and D2C genuine parts platform ● Technician hiring and training programs ● Tighter gov
Slide 7: Real world Range vs Price
Real world Range vs Price (Selected models) 4680 cells translating to high 2W performance Powering India’s longest range Electric 2-Wheelers The industry is entering a more mature adoption phase. Early adopters have largely transitioned, and the next wave of customers will require stronger articulat
Slide 8: Operating Model Transformation & Breakeven Reset
Finally, our installed base of around 11 lakh customers, the largest in the Indian EV ecosystem, remains a powerful strategic asset. Independent surveys indicate high ownership satisfaction and repurchase intent. As operational consistency strengthens, this base will increasingly act as organic bran
Slide 9: Gigafactory: A Long-Term Structural Moat
This reset has been driven by structural improvements across the operating model: ● Improved manufacturing yields, higher automation, and better workforce productivity across our vertically integrated lines ● Rationalisation to 700 stores comparable to the footprint when we achieved 40,000–50,000
Slide 10: Bharat Cell - 4680 Platform
Globally, battery demand is entering a structural upswing driven by EV adoption but also Solar-plus-storage deployments, Grid-scale battery expansion and Data center energy requirements. As our automotive business stabilizes, the Gigafactory positions us to participate meaningfully in the energy sto
Slide 11: Closing
Closing Q3 FY26 marks a structural reset for Ola Electric. We used this period to strengthen the foundations of the business restoring service execution, resetting our cost structure, deepening vertical integration, and advancing our Gigafactory ramp. The result is a leaner operating model, despite
Slide 12: Key Financial Metrics
Key Financial Metrics (Unaudited) Key Operating Metrics Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Deliveries (units) 84,029 51,375 68,192 52,666 32,680 Premium 29,283 15,764 17,249 13,418 6,065 Mass 54,746 35,611 50,943 39,248 26,612 Cells Produced (units) 11,744 38,080 72,418 Consolidated (in ₹cr) Q3
Slide 13: 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 ₹ 12
Slide 14: Consolidated GM per unit and Gross Margin with and without PLI
Graph 3: Consolidated GM per unit in ₹ Graph 4: Consolidated Gross Margin with and Gross Margin without PLI 13
Slide 15: Adjusted EBITDA and EBITDA to CFO to FCF walk
Graph 5: Consolidated Operating Adjusted EBITDA and Adjusted EBITDA Margin*: * Consolidated Operating Adjusted EBITDA represents consolidated operating EBITDA (viz. Excluding other income) adjusted for lease expenses. Graph 6: Consolidated Operating Adjusted EBITDA to CFO to FCF walk *Consolidated
Slide 16: Detailed financials
Detailed financials Ola Electric Mobility Profit and Loss Statement - Consolidated (Unaudited) Consolidated In ₹ Cr Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Revenues Automotive and Cell Sales 924 547 808 671 433 Production linked incentive 121 64 20 19 37 Total Revenue from Operations 1,045 611 828
Slide 17: Profit and Loss Statement - Auto
Ola Electric Mobility Profit and Loss Statement - Auto (Unaudited) Auto In ₹ Cr Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Revenues Auto Sales 924 547 806 669 430 Production linked incentive 121 64 20 19 37 Total Automotive Revenue 1,045 611 826 688 467 Cost of Goods Sold Auto 851 527 614 477 309 Total
Slide 18: Profit and Loss Statement - Cell
(Unaudited) Cell In ₹ Cr Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Revenues Cell Sales 3 4 3 4 9 Production linked incentive - - - - - Total Cell Revenue 3 4 3 4 9 Cost of Goods Sold Cell 1 1 1 2 5 Total Cost of Goods Sold 1 1 1 2 5 Gross Profit 2 3 2 2 4 Operating Expenses Research and development 5
Slide 19: Consolidated Statement of Cash Flows
Description Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Cash Flows from Operating Activities Profit / (Loss) After Tax (PAT) -564 -870 -428 -418 -487 Adjustments to reconcile PAT to net cash used in operating activities: Depreciation and amortization 138 170 165 172 170 ESOPs -12 11 19 11 28 Finance cos
Slide 20: 4680 Test Ride Event | Nov 2025
4680 Test Ride Event | Nov 2025 19
Slide 21: Ola Hyperservice
Ola Hyperservice 20
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Slide 23: Videos | Q3 FY26 Highlights
Videos | Q3 FY26 Highlights Prarambh Recap 4680 Bharat Cell 22
Slide 24: Ola Shakti
Ola शक्ति Roadster X+ 9.1 kWh 23
Slide 25: 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
Slide 26: 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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