Ola Electric Mobility Limited share price
NSE: OLAELEC · ISIN INE0LXG01040
Key numbers
- Market cap
- ₹ 17,003 Cr
- Current price
- ₹ 38.48
- 52-week high / low
- ₹ 59 / 22
- Stock P/E
- -
- Book value
- ₹ 7.6
- Dividend yield
- 0.00%
- ROCE
- -19.8%
- ROE
- -43.2%
- Debt to equity
- 0.82
- Sales growth (3 yrs)
- -7.5%
- Profit growth (3 yrs)
- -
- 1-year return
- -32.4%
About Ola Electric Mobility Limited
Ola Electric Mobility Limited develops, manufactures, and sells electric vehicles in India. It operates through the Automotive and Cell segments. The company provides electric scooters; and electric vehicle components, such as battery packs, motors and vehicle frames, and cells. It also offers charging solutions, as well as operates service centers. Ola Electric Mobility Limited was incorporated in 2017 and is based in Bengaluru, India.
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 611 | 828 | 470 | 265 | 455 |
| Operating profit | -695 | -237 | -271 | -281 | -165 |
| Net profit | -870 | -428 | -487 | -500 | -336 |
| EPS (₹) | -1.97 | -0.97 | -1.10 | -1.13 | -0.75 |
Concall summary (2026-08-13)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- As a result, consolidated adjusted operating EBITDA improved from negative ₹326 crores in Q4 FY26 to negative ₹195 crores in Q1 FY27.
- As this base matures, service can increasingly develop into a recurring, high -margin revenue stream, with our roadmap targeting service revenue of approximately ₹400-500 crore by FY 2027-28.
Growth & demand
- Auto revenue grew 72% sequentially to ₹455 crore, with gross profit of ₹139 crore.
- The broader electric two-wheeler market grew approximately 17% quarter-on-quarter, while Ola registrations grew 97%, taking our market share from 5.1% to 8.4%.
Margins & costs
- Despite a challenging commodity environment, we sustained Auto gross margin at 30.5%, reflecting the underlying strength of our product economics.
- Consolidated operating expenses declined 22% quarter-on-quarter to ₹333 crores, and we remain focused on moving towards a steady- state operating cost base.
Capex & expansion
- Continuing with the Cell business, the full 6 GWh capacity will be commissioned this quarter.
- We do not foresee material capex after that, and the remaining Cell capex is funded through debt; the equity contribution is largely complete.
Balance sheet & cash
- Our objective is to grow on this leaner operating base and progressively translate incremental revenue and gross profit into operating leverage, taking us towards break-even and sustainable profitability.
- As we look ahead, our priorities are clear: scale volumes on a leaner cost base, drive operating leverage, deepen vertical integration, broaden distribution and lifecycle monetisation, and remain disciplined on capital and cash.
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