Ola Electric Mobility Ltd.
OLAELECConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
4 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (1 of 4 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20241110 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250210 | 2024-12-31 | yes | |
| TRANSCRIPT | 20260525 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260813 | 2026-06-30 | yes |
OLAELEC
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 42.52 |
| 52-week range | 22.8 – 57.08 |
| Return 1M | 17.46% |
| Return 3M | 1.72% |
| Return 1Y | -25.26% |
| Return 3Y | not reported for this period |
| Return 5Y | not reported for this period |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 455.00 |
| Other income | 29.00 |
| Total income | 484.00 |
| Cost of materials consumed | 381.00 |
| Purchases of stock-in-trade | 10.00 |
| Changes in inventories | -74.00 |
| Employee benefit expense | 48.00 |
| Finance costs | 73.00 |
Ownership — 2026-06-30, and the change from 2026-06-04
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.33 | 0.00 |
| institutions foreign | 0.04 | -0.01 |
| institutions domestic | 0.12 | 0.01 |
| mutual funds | 0.09 | 0.01 |
| public | 0.63 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 4 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,644.00 | 1,214.00 | 1,045.00 | 828.00 | 690.00 | 470.00 | 265.00 | 455.00 |
| Other income | 74.00 | 100.00 | 127.00 | 68.00 | 66.00 | 34.00 | 39.00 | 29.00 |
| Total income | 1,718.00 | 1,314.00 | 1,172.00 | 896.00 | 756.00 | 504.00 | 304.00 | 484.00 |
| Cost of materials consumed | 1,311.00 | 1,072.00 | 867.00 | 441.00 | 514.00 | 223.00 | 124.00 | 381.00 |
| Purchases of stock-in-trade | 18.00 | 25.00 | 40.00 | 20.00 | 15.00 | 14.00 | 1.00 | 10.00 |
| Changes in inventories | 12.00 | -108.00 | -56.00 | 153.00 | -52.00 | 72.00 | 38.00 | -74.00 |
| Employee benefit expense | 123.00 | 139.00 | 102.00 | 89.00 | 55.00 | 92.00 | 58.00 | 48.00 |
| Finance costs | 67.00 | 84.00 | 93.00 | 94.00 | 109.00 | 80.00 | 77.00 | 73.00 |
| Depreciation and amortisation | 126.00 | 132.00 | 138.00 | 165.00 | 172.00 | 170.00 | 177.00 | 127.00 |
| Other expenses | 385.00 | 465.00 | 552.00 | 362.00 | 361.00 | 340.00 | 325.00 | 255.00 |
| Total expenses | 2,042.00 | 1,809.00 | 1,736.00 | 1,324.00 | 1,174.00 | 991.00 | 800.00 | 820.00 |
| Profit before exceptional items and tax | -324.00 | -495.00 | -564.00 | -428.00 | -418.00 | -487.00 | -496.00 | -336.00 |
| Exceptional items | -23.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -347.00 | -495.00 | -564.00 | -428.00 | -418.00 | -487.00 | -496.00 | -336.00 |
| Current tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.00 | 0.00 |
| Deferred tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Tax expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.00 | 0.00 |
| Profit for the period | -347.00 | -495.00 | -564.00 | -428.00 | -418.00 | -487.00 | -500.00 | -336.00 |
| Profit attributable to owners | -347.00 | -495.00 | -564.00 | -428.00 | -418.00 | -487.00 | -500.00 | -336.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | 1.00 | 6.00 | 2.00 | 0.00 | 8.00 | 8.00 | -31.00 | 0.00 |
| Total comprehensive income | -346.00 | -489.00 | -562.00 | -428.00 | -410.00 | -479.00 | -531.00 | -336.00 |
| Earnings per share, basic | -0.95 | -1.20 | -1.28 | -0.97 | -0.95 | -1.10 | -1.13 | -0.75 |
| Earnings per share, diluted | -0.95 | -1.20 | -1.28 | -0.97 | -0.95 | -1.10 | -1.13 | -0.75 |
Annual results, as filed
| Line | 2026-03-31 |
|---|---|
| Revenue from operations | 2,253.00 |
| Other income | 207.00 |
| Total income | 2,460.00 |
| Cost of materials consumed | 1,302.00 |
| Purchases of stock-in-trade | 50.00 |
| Changes in inventories | 211.00 |
| Employee benefit expense | 294.00 |
| Finance costs | 360.00 |
| Depreciation and amortisation | 684.00 |
| Other expenses | 1,388.00 |
| Total expenses | 4,289.00 |
| Profit before exceptional items and tax | -1,829.00 |
| Exceptional items | 0.00 |
| Profit before tax | -1,829.00 |
| Current tax | 4.00 |
| Deferred tax | 0.00 |
| Tax expense | 4.00 |
| Profit for the period | -1,833.00 |
| Profit attributable to owners | -1,833.00 |
| Profit attributable to non-controlling interests | 0.00 |
| Other comprehensive income | -15.00 |
| Total comprehensive income | -1,848.00 |
| Earnings per share, basic | -4.16 |
| Earnings per share, diluted | -4.16 |
Balance sheet, as filed
| Line | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|
| Total assets | 12,571.00 | 9,650.00 | 7,788.00 |
| Non-current assets | 3,838.00 | 4,261.00 | 4,537.00 |
| Current assets | 8,733.00 | 5,389.00 | 3,251.00 |
| Property, plant and equipment | 2,388.00 | 1,994.00 | 1,956.00 |
| Capital work-in-progress | 99.00 | 388.00 | 496.00 |
| Goodwill | 9.00 | 9.00 | 9.00 |
| Other intangible assets | 523.00 | 520.00 | 459.00 |
| Inventories | 838.00 | 489.00 | 269.00 |
| Trade receivables | 173.00 | 45.00 | 31.00 |
| Cash and cash equivalents | 1,579.00 | 628.00 | 421.00 |
| Total equity and liabilities | 12,571.00 | 9,650.00 | 7,788.00 |
| Equity | 6,573.00 | 4,342.00 | 3,351.00 |
| Equity share capital | 4,411.00 | 4,411.00 | 4,411.00 |
| Other equity | 2,162.00 | -69.00 | -1,060.00 |
| Total liabilities | 5,998.00 | 5,308.00 | 4,437.00 |
| Non-current liabilities | 2,019.00 | 2,185.00 | 1,588.00 |
| Current liabilities | 3,979.00 | 3,123.00 | 2,849.00 |
| Borrowings, non-current | 1,682.00 | 1,740.00 | 1,188.00 |
| Borrowings, current | 1,411.00 | 1,024.00 | 1,288.00 |
| Trade payables | 1,283.00 | 1,020.00 | 679.00 |
Cash flow, as filed
| Line | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|
| Net cash from operating activities | -1,283.00 | -343.00 | -775.00 |
| Net cash from investing activities | -3,077.00 | 1,221.00 | 2,002.00 |
| Net cash from financing activities | 5,553.00 | -605.00 | -1,201.00 |
| Purchase of property, plant and equipment | 279.00 | 167.00 | 526.00 |
| Net increase in cash | 1,193.00 | 273.00 | 26.00 |
| con:CFO.BEFORE_TAX | -1,285.00 | -344.00 | -775.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | -2.00 | -1.00 | 0.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 2.00 | 2.00 |
| con:PPE_DISPOSALS | 0.00 | 1.00 | 1.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2024-08-09 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-04 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 36.78 | 36.78 | 36.78 | 36.78 | 36.78 | 0.37 | 0.35 | 0.35 | 0.33 | 0.33 |
| Domestic institutions | 6.85 | 5.16 | 4.54 | 2.93 | 2.87 | 0.07 | 0.07 | 0.07 | 0.11 | 0.12 |
| Mutual funds | — | — | — | — | 2.56 | 0.06 | 0.06 | 0.05 | 0.08 | 0.09 |
| Insurance companies | 0.55 | 0.46 | 0.38 | 0.25 | 0.26 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign institutions | 7.64 | 4.18 | 2.10 | 2.89 | 4.48 | 0.03 | 0.04 | 0.04 | 0.05 | 0.04 |
| Public | 56.81 | 57.73 | 57.89 | 57.95 | 58.04 | 0.58 | 0.61 | 0.61 | 0.62 | 0.63 |
| Non-institutional | 42.32 | 48.40 | 51.24 | 52.13 | 50.70 | 0.48 | 0.49 | 0.50 | 0.46 | 0.46 |
| Shares outstanding | 4410829885 | 4410829885 | 4410829885 | 4410829885 | 4410829885 | 4410829885 | 4410829885 | 4410829885 | 4628408313 | 4628408313 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Ola Electric Technologies Private Limited | 100% Subsidiary of Ola Electric Mo | Any other transaction, Interest received, Investment | 22,610,500,000.00 | 20 |
| Ola Cell Technologies Private Limited | 100% Subsidiary of Ola Electric Mo | Any other transaction, Interest received, Investment | 16,797,500,000.00 | 20 |
| ANI Technologies Private Limited | Group Company | Any other transaction, Purchase of goods or services | 1,131,800,000.00 | 24 |
| Ola Financial Services Private Limited, India | Group Company | Any other transaction, Sale of goods or services | 659,300,000.00 | 8 |
| Ola Fleet Technologies Private Limited, India | Group Company | Any other transaction, Sale of goods or services | 642,200,000.00 | 12 |
| Ola Electric UK Private Limited | 100% Subisdiary of OEM B.V | Any other transaction, Interest paid, Investment, Lo | 509,300,000.00 | 7 |
| Ola Electric Mobility Inc. | 100% Subsidiary of Ola Electric Mo | Any other transaction, Investment | 420,500,000.00 | 2 |
| Ola Electric Mobility B.V | 100% Subsidiary of Ola Electric Mo | Any other transaction, Investment | 365,500,000.00 | 4 |
| Krutrim SI Designs Private Limited | Group Company | Any other transaction, Purchase of goods or services | 309,900,000.00 | 12 |
| Harish Abichandani and relatives | (Chief Financial Officer) (with ef | Remuneration | 87,500,000.00 | 1 |
| Ola USA Inc. | Group Company | Any other transaction, Interest paid, Loan | 80,500,000.00 | 3 |
| Bhavish Aggarwal | (Chairman & Managing Director) | Remuneration | 45,000,000.00 | 1 |
| Mr. Vishal Mahendra Chaturvedi | (Appointed as additional director | Remuneration | 43,000,000.00 | 1 |
| Nikhil Gupta | (Whole Time Director)(with effect | Remuneration | 17,900,000.00 | 1 |
| Etergo BV, Netherlands | 100% Subisdiary of OEM B.V | Any other transaction, Investment | 17,700,000.00 | 3 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-13 | Q1FY27 | Read the call | |
| 2026-05-25 | Q4FY26 | Read the call | |
| 2025-02-10 | Q3FY25 | Read the call | |
| 2024-11-10 | Q2FY25 | Read the call |
What they said about it, quarter by quarter
| Topic | Q1FY27 | Q2FY25 | Q3FY25 | Q4FY26 |
|---|---|---|---|---|
| Capex | First, what is the capex plan for this year and how much was incurred in Q1? | Lastly, can you talk about the CAPEX plan for FY'25 and FY'26? | Sir, is it possible to share what capex we did in Q3 on tangibles and intangibles? | And for our Auto business, there is no more CapEx needed as we scale up. |
| Costs | — | Now we have had 3%-point improvement in gross margins due to BOM cost savings due to our vertical integration and technology. | — | — |
| Debt and cash | — | So, first half we invested roughly about 280 crores, there should be close to 800 to 1,000 crores given that investment will also culminate in terms o… | Maybe some tail end part of that is continuing in terms of cash flows. | We exited the year with industry-leading gross margins at 38.5%, a much lower cost base, sharply improved execution metrics, better product quality, o… |
| Demand | This MoU is for 20 GWh over the next five to six years, and I feel confident that more demand pipeline will be announced as it develops. | We were able to supply at almost full demand. | And now with the new products, we are seeing a much more stronger demand across our network of both Gen 3 as well as Roadster X products. | While so far we've covered our internal financials, but what we are also seeing in the market now is demand for EVs is actually gone up meaningfully i… |
| Guidance | Anything said on this call which reflects our outlook for the future, or which could be construed as a forward-looking statement, may involve risks an… | November 08, 2024 Just to summarize this point, so in terms of gross margin, we expect about a 20 point improvement as Gen 3 plays out over the next 1… | And when do we expect the battery strategy to be accretive to our close margin profile versus buying sales externally? | Anything said on this call which reflects our outlook for the future or which could be construed as a forward-looking statement, may involve risks and… |
| Margin | Despite a challenging commodity environment, we sustained Auto gross margin at 30.5%, reflecting the underlying strength of our product economics. | Deliveries also almost touching 1 lakhs (+98,000) and gross margin, especially for the auto segment is 20.6% which is flat quarter-on-quarter whereas … | And we have a lot of brand pull, product pull for the Gen 3 products, and it also delivers a very good margin for us. | This is now an industry-leading margin profile ahead of most two-wheelers OEMs, including ICE incumbents. |
| Pricing | — | So, like I said, 3% went up due to BOM cost reduction and 1% we invested back into pricing and discount. | Why we are still for the industry and for us the volumes are not significantly scaling up despite all the positives in terms of pricing, product avail… | — |
| Revenue growth | This growth was broad-based, with sequential improvement across every region of the country, giving us a diversified base from which to scale. | See, the entire quarter we will have PLI accrual for all the products in Q3 and Q4. There is also slabs in PLI like actually can go higher than 13% ba… | But generally, on a year-on-year basis, you should assume EV penetration growth of about 5 to 10 bps -- 5 to 10 percentage points. | Cell is still in the investment phase, but that also through this financial year will get into sustained revenue growth, and over time cash flow gener… |