Ola Electric Mobility Limited recorded a rise in net loss for the March quarter, with a consolidated net loss of Rs 500 crore, slightly higher than the previous quarter. However, this loss was significantly lower compared to the same period last year. Revenue from operations decreased by 56.6% year-on-year to Rs 265 crore in the quarter. EBITDA loss for the quarter was Rs 281 crore, an improvement from the previous year.
Despite a decline in revenue, the company reported its first operating cash-flow positive quarter. The consolidated cash flow from operations was Rs 91 crore during the March quarter. The company’s gross margin improved notably to 38.5% in Q4 FY26 from 13.7% in the previous year. Management anticipates a potential moderation in margins in the first half of FY27 due to factors like commodity inflation.
The company highlighted service-related issues as a significant constraint on demand during FY26, which have now significantly improved. The average service turnaround time was reduced by 88% between October 2025 and March 2026. Ola Electric described FY26 as a year of strengthening the business fundamentals across various aspects. The company’s electric scooter, S1 X+ 5.2 kWh, received certification under the Central Motor Vehicle Rules earlier this month.
