Ola Electric Quarterly Results FY26

Ola Electric Q1 FY26: Auto EBITDA Turns Positive, Share Price Jumps

Meta Title: Ola Electric Q1 FY26: Auto EBITDA Turns Positive, Share Price Jumps
Meta Description: Ola Electric Q1 FY26 earnings show 68,192 deliveries (+32.7% QoQ), major margin recovery, and near-break-even operating cash flow.
Meta Keywords: Ola Electric Quarterly Results, Ola Electric Q1 Earnings, Ola Electric Net Profit Q1 FY26

Ola Electric Q1 FY26 results overview

Ola Electric, India’s leading electric mobility company, has announced its financial results for the first quarter of FY26, showcasing remarkable progress across key metrics. The company reported revenues of Rs. 828 crore, reflecting a 35.5 percent quarter-on-quarter (QoQ) growth. Deliveries surged to 68,192 units, marking a 32.7 percent QoQ increase.

In a significant milestone, Ola Electric’s auto business turned EBITDA positive in June 2025, highlighting improved operational efficiency and cost management. Despite a net loss of Rs. 428 crore for Q1 FY26, the company’s margin recovery and operational cash flow improvements signal a positive trajectory toward profitability.

These results underscore Ola Electric’s commitment to scaling its operations while maintaining a focus on financial sustainability.

Ola Electric revenue and delivery growth Q1 FY26

Ola Electric’s Q1 FY26 performance was driven by robust revenue growth and a sharp increase in vehicle deliveries. The company reported revenues of Rs. 828 crore, a 35.5 percent QoQ rise from Rs. 611 crore in Q4 FY25. Deliveries reached 68,192 units, up 32.7 percent QoQ from 51,400 units in the previous quarter.

Revenue and Delivery Comparison

This growth reflects strong consumer demand for Ola Electric’s products, supported by strategic pricing and enhanced production capabilities. With increasing adoption of electric vehicles (EVs) in India, Ola Electric is well-positioned to leverage this momentum.

Ola Electric net loss and EBITDA trend

Ola Electric recorded a net loss of Rs. 428 crore in Q1 FY26, which is consistent with the company’s ongoing investments in scaling operations and expanding its EV ecosystem. However, the standout achievement of the quarter was the auto business turning EBITDA positive in June 2025.

This milestone indicates improved operational efficiency and cost optimisation efforts, paving the way for better financial performance in the coming quarters.

EBITDA and Net Loss Trends

The positive EBITDA result aligns with Ola Electric’s vision of achieving long-term profitability while driving innovation in the EV sector.

Cash flow improvement and operational metrics

Ola Electric reported a significant improvement in free cash flow, which stood at Rs. –107 crore for Q1 FY26. This represents a near-break-even operating cash flow, further emphasising the company’s focus on financial discipline.

Operational margins also showed recovery, driven by cost optimisation measures and increased production efficiency. These metrics highlight Ola Electric’s ability to sustain growth while improving its financial health.

For more insights on operational metrics and profitability, explore EPS and learn how they impact company valuations.

Outlook and strategy for FY26

Looking ahead, Ola Electric has set ambitious goals for FY26. The company aims to achieve margin improvements of 35–40 percent while scaling its delivery volumes further. Strategic capex investments will focus on expanding production capacity and strengthening the EV ecosystem.

These initiatives are expected to drive sustainable growth and solidify Ola Electric’s position as a leader in India’s EV market.

Conclusion

Ola Electric’s Q1 FY26 results underscore its strong growth trajectory, with significant improvements in revenue, deliveries, and operational efficiency. The milestone of turning auto EBITDA positive marks a pivotal moment in the company’s journey toward profitability.

As India continues to embrace EVs, Ola Electric’s strategic focus on scaling operations and enhancing financial performance positions it for long-term success. If you are interested in exploring investment opportunities, learn how to open a Demat account and start your journey today.