Ola Electric Posts ₹265 Cr Q4 Revenue, First Positive Operating Cash Flow of ₹91 Cr
Ola Electric closed Q4 FY26 with ₹265 crore revenue and a 38.5% gross margin, marking its first-ever positive operating cash flow at ₹91 crore. Q4 opex nearly halved YoY to ₹428 crore. April registrations rose 20% MoM to 12,166 units, with Q1 FY27 guidance pegged at ~45,000 units as Gigafactory scales to 6 GWh.
What happened
Ola Electric posted Q4 FY26 revenue of Rs 265 crore with 38.5% gross margin and first-ever positive operating cash flow of Rs 91 crore. Service TAT improved
Key facts
- Q4 revenue Rs 265 crore
- FY26 revenue Rs 2,253 crore
- Q4 gross margin 38.5%
- FY26 gross margin 30.6%
- Q4 deliveries 20,256 units
- FY26 deliveries 173,794 units
- Q4 CFO Rs 91 crore
- Q4 opex Rs 428 crore vs Rs 844 crore YoY
- April registrations 12,166 units +20% MoM
- Gigafactory 2.5 GWh operational, 6 GWh installation
- Q1 FY27 guidance ~45,000 units
Why this matters
Ola Electric's Gigafactory ramp to 6 GWh and 45,000-unit Q1 guidance reshape the EV two-wheeler competitive map and open partnership angles across cells, components, and charging.