Ola Electric to clock revenue of ₹500-550 crore in next quarter with up to 45,000 orders

Ola Electric has guided for a sharp sequential recovery in the June quarter, expecting consolidated revenue of ₹500-550 crore and order volumes of 40,000-45,000 units in Q1 FY27 as the company looks to scale operations after what it described as a “year of reset” in FY26.

In its shareholder update, the company said Q4 FY26 reflected the early outcomes of its operational restructuring efforts, highlighting improvements in gross margins, cost controls, service operations and cash discipline. Ola Electric reported consolidated revenue of ₹265 crore in Q4 FY26 with deliveries of 20,256 units. Consolidated gross margin improved to 38.5% during the quarter, while adjusted EBITDA margin stood at negative 123%.

The company said Q4 was a low-volume quarter but marked a turning point operationally. “Gross margin reached 38.5%, opex reduced materially through the year, cash burn reduced significantly, service stabilised, and sales recovery began,” Ola Electric said in the letter to shareholders.

The EV maker added that the company has now moved from the validation phase to scale and claimed it has delivered on the milestones set for the quarter.

Ola Electric also said India’s energy-security priorities and rising fuel prices continue to strengthen the long-term case for electric vehicles. The company highlighted that EVs, local cell manufacturing and battery storage are converging into a national energy-security stack.

The company stated that service quality has materially stabilised over recent quarters. Average turnaround time has reduced, parts availability has improved, technician productivity has risen and repair capability has strengthened. Ola said Gen 3 scooters are also reducing service demand at the product level.

According to the company, service improvements triggered a V-shaped recovery in Q4, with April registrations rising over 20% month-on-month despite the broader electric two-wheeler industry declining by more than 22%.

Ola Electric also highlighted a sharp reduction in warranty costs. Warranty cost in FY26 stood at ₹59 crore compared with ₹555 crore in FY25.

The company reiterated its focus on the Gigafactory and battery manufacturing business. It said FY27 would focus on ramping commercial manufacturing towards 6 GWh and integrating cells deeper into the auto portfolio while building its Shakti and Mahashakti energy-storage platforms.

Ola Electric further said the quarter was its first operating cash-flow positive quarter. Consolidated CFO stood at ₹91 crore, supported by PLI inflows, stronger gross margins, lower operating expenditure and tighter working-capital discipline.

The company added that it remains focused on sustaining service consistency, scaling volumes with discipline, improving auto cash generation and expanding the storage business through FY27.

Disclaimer: This article is based on the company’s shareholder update and exchange disclosures. It does not constitute investment advice.