Ola Electric Mobility Ltd

Ola Electric Mobility has approved the allotment of 21,75,78,428 equity shares of face value of Rs 10 each to eligible qualified institutional buyers at an issue price of Rs 35.86 per equity share (including a premium of Rs 25.86 per equity share), which takes into account a discount of 4.98% (i.e., Rs 1.88 per equity share) to the floor price of Rs 37.74 per equity share, determined in accordance with Regulation 176(1) of the SEBI ICDR Regulations, aggregating upto Rs 780.24 crore, pursuant to the Issue. Pursuant to the aforesaid allotment, the paid-up equity share capital of the Company has increased from Rs 44,108,298,850 comprising 4,410,829,885 equity shares of face value of Rs 10 each to Rs 46,284,083,130 comprising 4,628,408,313 equity shares of face value of Rs 10 each.

The company's Fund Raising Committee, at its meeting held on 1 June 2026, approved the opening of the issue and adopted the preliminary placement document and application form to be circulated to eligible qualified institutional buyers. The committee also approved a floor price of Rs 37.74 per equity share for the issue. The floor price is at 3.23% to the ruling market price and it is at a discount of 4.53% to the previous session's closing price of Rs 39.53. Ola Electric said it may offer a discount of up to 5% on the floor price, subject to regulatory provisions and shareholder approval obtained in November 2025. The final issue price will be determined by the company in consultation with the book-running lead managers. The company has fixed 1 June 2026 as the relevant date for determining the floor price of the QIP. The fundraising exercise follows approvals granted by the company's board in October 2025 and by shareholders through a special resolution passed in November 2025. Ola Electric Mobility is India's leading electric vehicle (EV) manufacturer. It specialises in the vertical integration of technology and manufacturing for EVs and their components, including battery cells. The company posted a consolidated net loss of Rs 500 crore in Q4 FY26 compared with a net loss of Rs 870 crore in Q4 FY25 and Rs 487 crore in Q3 FY26. Revenue from operations declined 56.6% YoY and 43.6% QoQ to Rs 265 crore in the March 2026 quarter. Ola Electric announced sustained growth momentum in May 2026, with registrations rising to 15,139 units, up from 12,323 units in April, according to VAHAN data. It represents a 23% MoM increase, building on the recovery momentum seen in the months of March and April 2026. Powered by Capital Market - Live

Ola Electric today announced sustained growth momentum in May 2026, with registrations rising to 15,139 units, up from 12,323 units in April, according to VAHAN data. It represents a 23% MoM increase, building on the recovery momentum seen in the months of March and April 2026. According to VAHAN, industry volumes grew from approximately 148,000 units in April 2026 to around 170,000 units in May 2026, reflecting growth of about 15%. Against this backdrop, Ola Electric delivered 23% month-on-month growth, growing nearly three times faster than the industry. The third consecutive month of robust sales recovery comes on the back of a front-end retail rejig and better operational execution, as Ola's two-wheeler EV portfolio bounces back amid petrol price increases, marking a broader market shift to electric vehicles.

The company posted a consolidated net loss of Rs 500 crore in Q4 FY26 compared with a net loss of Rs 870 crore in Q4 FY25 and Rs 487 crore in Q3 FY26. Revenue from operations declined 56.6% YoY and 43.6% QoQ to Rs 265 crore in the March 2026 quarter. Gross profit stood at Rs 102 crore in Q4 FY26, up 21.4% YoY and down 36.6% QoQ. Gross margin improved sharply to 38.5% from 13.7% in Q4 FY25 and 34.3% in Q3 FY26. The company said the improvement was driven by vertical integration, Gen 3 platform maturity and better pricing architecture. Adjusted operating EBITDA loss stood at Rs 326 crore in Q4 FY26 compared with a loss of Rs 323 crore in Q3 FY26 and Rs 760 crore in Q4 FY25. Operating expenses declined 50.83% to Rs 383 crore from Rs 779 crore a year ago. Deliveries during FY26 stood at 1,73,794 units, down 43.55% compared with 3,07,846 units in FY25. Q4 FY26 deliveries came in at 20,256 units. The company said Q4 FY26 was its first operating cash flow positive quarter, with consolidated cash flow from operations at Rs 91 crore against an outflow of Rs 291 crore in Q4 FY25 and Rs 523 crore in Q3 FY26. Free cash flow improved to negative Rs 131 crore from negative Rs 625 crore a year ago and negative Rs 729 crore sequentially. Ola Electric said service operations stabilised during the quarter. Average service turnaround time reduced by 88% from around nine days in October 2025 to nearly one day in March 2026. Service backlog reduced from 14 days to six days, while same-day closures improved to nearly 87%. The company said April registrations rose 20% month-on-month to 12,166 units despite the broader electric two-wheeler industry declining over 22%. Ola added that it now holds around 50% market share in the electric motorcycle segment, with bikes contributing 15% of April gross orders. Ola Electric also said installation of its Gigafactory expansion to 6 GWh is largely complete, with commercialization expected by the end of the current quarter. The company expects Q1 FY27 orders of 40,000-45,000 units and has guided for consolidated revenue of Rs 500-550 crore for the quarter. The automotive segment remained the key contributor to Ola Electric Mobility in Q4 FY26, while the cell business continued to remain in investment mode. The automotive segment reported revenue from operations of Rs 264 crore in Q4 FY26, down 56.8% YoY and 43.5% QoQ. Gross margin improved sharply to 38.3% from 13.8% in Q4 FY25 and 33.8% in Q3 FY26. Adjusted operating EBITDA loss stood at Rs 213 crore compared with a loss of Rs 167 crore in Q3 FY26 and Rs 612 crore in Q4 FY25. The automotive business generated positive cash flow from operations of Rs 213 crore in Q4 FY26 against an outflow of Rs 444 crore in Q3 FY26. Free cash flow turned positive at Rs 173 crore compared with a negative Rs 505 crore in Q3 FY26. Meanwhile, the cell segment reported revenue from operations of Rs 4 crore in Q4 FY26, unchanged YoY and down 55.6% QoQ from Rs 9 crore in Q3 FY26. The segment posted a gross loss of Rs 3 crore in Q4 FY26 compared with a gross profit of Rs 3 crore in Q4 FY25 and Rs 4 crore in Q3 FY26. Gross margin stood at negative 75% in Q4 FY26 versus 79.3% in Q4 FY25 and 42.3% in Q3 FY26. Adjusted operating EBITDA loss for the cell business stood at Rs 42 crore in Q4 FY26 compared with a loss of Rs 53 crore in Q3 FY26 and Rs 36 crore in Q4 FY25. The segment reported a net loss of Rs 82 crore during the quarter versus Rs 89 crore in Q3 FY26 and Rs 53 crore in Q4 FY25. Cash flow from operations for the cell segment stood at negative Rs 39 crore in Q4 FY26 compared with negative Rs 46 crore in Q3 FY26. Free cash flow outflow widened to Rs 221 crore from Rs 192 crore in the previous quarter as the company continued investments in its Gigafactory and battery business expansion. Ola Electric Mobility is India's leading electric vehicle (EV) manufacturer. It specialises in the vertical integration of technology and manufacturing for EVs and their components, including battery cells. Powered by Capital Market - Live

Net Loss of Ola Electric Mobility reported to Rs 500.00 crore in the quarter ended March 2026 as against net loss of Rs 870.00 crore during the previous quarter ended March 2025. Sales declined 56.63% to Rs 265.00 crore in the quarter ended March 2026 as against Rs 611.00 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 1833.00 crore in the year ended March 2026 as against net loss of Rs 2276.00 crore during the previous year ended March 2025. Sales declined 50.09% to Rs 2253.00 crore in the year ended March 2026 as against Rs 4514.00 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales265.00611.00 -57 2253.004514.00 -50 OPM %-106.04-113.75 --43.14-38.52 - PBDT-319.00-700.00 54 -1145.00-1687.00 32 PBT-496.00-870.00 43 -1829.00-2253.00 19 NP-500.00-870.00 43 -1833.00-2276.00 19 Powered by Capital Market - Live

Ola Electric Mobility will hold a meeting of the Board of Directors of the Company on 18 May 2026.

Ola Electric Mobility announced that its material wholly owned subsidiary, Ola Electric Technologies has received reaffirmation in credit ratings from ICRA at ICRA BBB; Negative / ICRA A3+ for various debt facilities of the company. Meanwhile, its other material wholly owned subsidiary Ola Cell Technologies has received reaffirmation in credit ratings at ICRA BBB-; Negative / ICRA A3.

ERIS Lifesciences Ltd, Radico Khaitan Ltd, Natco Pharma Ltd and SBI Life Insurance Company Ltd are among the other losers in the BSE's 'A' group today, 21 April 2026.Ola Electric Mobility Ltd crashed 4.54% to Rs 37.46 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 97.24 lakh shares were traded on the counter so far as against the average daily volumes of 169.37 lakh shares in the past one month.ERIS Lifesciences Ltd tumbled 4.39% to Rs 1370.1. The stock was the second biggest loser in 'A' group.On the BSE, 18578 shares were traded on the counter so far as against the average daily volumes of 24571 shares in the past one month.Radico Khaitan Ltd lost 4.23% to Rs 3205.65. The stock was the third biggest loser in 'A' group.On the BSE, 52614 shares were traded on the counter so far as against the average daily volumes of 38405 shares in the past one month.Natco Pharma Ltd plummeted 3.72% to Rs 1058.25. The stock was the fourth biggest loser in 'A' group.On the BSE, 31431 shares were traded on the counter so far as against the average daily volumes of 65481 shares in the past one month.SBI Life Insurance Company Ltd fell 3.60% to Rs 1909.5. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.15 lakh shares were traded on the counter so far as against the average daily volumes of 37669 shares in the past one month.

Ola Electric today announced the launch of the new S1 X+ 5.2 kWh, powered by its indigenously developed 4680 Bharat Cell. With this, the company is bringing its advanced in-house cell technology to the mass market, making long range EV scooters accessible for every Indian. Launched at an introductory price of Rs 1,29,999 valid till 15th April, S1 X+ 5.2 kWh marks a major milestone in Ola Electric's journey to drive adoption of high-performance EV technology at scale. This move underscores Ola Electric's vertical integration across cell development, battery pack engineering, and vehicle manufacturing, enabling it to rapidly scale breakthrough technology across segments. The S1 X+ 5.2 kWh brings together strong performance, everyday practicality, and advanced technology in one package. Powered by an 11 kW mid-drive motor with integrated MCU, the scooter delivers a 320 km IDC range and a top speed of 125 km/h. It also comes equipped with Brake-by-Wire and front disc brakes, offering improved control and braking performance.

The stock has rallied 35.86% over the past three sessions and has surged 84.54% from its record low of Rs 21.21 hit on 2 March 2026, indicating a sharp improvement in investor sentiment. The recent momentum follows a series of positive developments. The company announced the readiness of its indigenously developed 46100 format LFP battery cell, marking progress in its battery innovation roadmap. Ola Electric is also scaling up its gigafactory operations and expanding battery manufacturing capacity. It recently reduced prices of its flagship Roadster X+ 9.1 kWh electric motorcycle, supported by improved cost efficiencies from higher cell production. Operationally, the company has reported a recovery in demand. Registrations rose over 150% month-on-month to 10,117 units in March 2026, while daily orders crossed 1,000 units in the final week of the month. The company also crossed 1 million cumulative registrations in March, becoming the first EV manufacturer in India to reach this milestone, according to VAHAN data. Ola Electric Mobility is an Indian electric vehicle manufacturer focused on vertically integrating technology and manufacturing across EVs and key components, including battery cells. The company's net loss widened to Rs Rs 487 crore in Q3 FY26 compared with Rs 418 crore in Q3 FY25. Revenue from operations declined 55% YoY to Rs 470 crore from Rs 1,045 crore.