Ola Electric Mobility Ltd

Ola Electric Mobility Limited approved a resolution to raise up to INR 1,500 crore through the issuance of equity shares or convertible securities, and increased its authorized share capital from INR 8318,49,98,850 to INR 8721,87,34,420. The company also announced the resignation of Chief Operations Officer Hyun Shik Park, effective September 5, 2026, and the reappointment of Manoj Kumar Kohli and Shradha Sharma as independent directors for a second five-year term, commencing December 6, 2026, pending shareholder approval.

Ola Electric Mobility Limited approved a resolution to raise up to INR 1,500 crore through the issuance of equity shares or convertible securities, and increased its authorized share capital from INR 8318,49,98,850 to INR 8721,87,34,420. The company also announced the resignation of Chief Operations Officer Hyun Shik Park, effective September 5, 2026, and the reappointment of Manoj Kumar Kohli and Shradha Sharma as independent directors for a second five-year term, commencing December 6, 2026, pending shareholder approval.

Ola Electric Mobility Ltd share price inched up 0.07% to Rs 41.45 after the company's net profit witnessed a sharp fall of 32.80% to Rs 336.0 crore, while revenue from operations increased sharply by 71.70% to Rs 455.0 crore in Q2FY26 over Q1FY26. The market capitalization of 2/3 Wheelers industry group stocks on BSE stood at Rs 8.35 lakh crore, climbing 11.13%. It has improved by 2.43% over last one week and advanced by 12.17% in last one month while the market capitalization of Ola Electric Mobility Ltd has marginally improved by 7.16% and 20.55% in the same period respectively. Profit before tax (PBT) of Ola Electric Mobility Ltd stood at Rs 336.0 crore in Q2 FY26, tumbling by 21.50% year-on-year, and plunging by 32.26% quarter-on-quarter. EBITDA came in at Rs 194 crore, tanking 36.39% YoY and crashing by 39.38% sequentially. Total expenses saw a slight increase of 3.32% to Rs 747.0 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 381.0 crore, jumping 207.26% YoY, while employee benefits expense was at Rs 48.0 crore, collapsing by 17.24% YoY. For the TTM ended FY26, revenue from operations softened by 9.90% to Rs 4514.0 crore, while net profit saw a strong growth of 43.69% to Rs 2276.0 crore, compared to previous TTM. EBITDA tanked by 129300% to Rs 2157.0 crore, and PBT jumped 43.69% to Rs 2276.0 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 2391.0 crore in FY26, as against Rs 633.09 crore in FY25. Ola Electric Mobility Ltd gained 2.80% in last one year, outperforming the benchmark BSE Sensex which has softened by 1.97% during the same period.

Ola Electric Mobility Limited announced it is opening its sales and service network to dealer partners across India, marking a shift from its previous company-owned store model, with a full-fledged dealership footprint targeted by Diwali 2026. The move, which follows engagement with dealers nationwide, will see company stores focus on brand and product experience while dealer partners handle local sales and service, and is supported by the return of BVR Subbu, former President of Hyundai Motors India, as Senior Advisor. Ola Electric is offering dealer partners access to its brand, a customer base of over 1 million riders, a full EV portfolio including Ola Shakti, and a dealer economics model designed for strong partner returns, and expects meaningful scale from the program by Diwali 2026.

Ola Electric Mobility Limited announced it has signed a Memorandum of Understanding (MoU) with Axis Energy for the potential deployment of up to 20 GWh of battery energy storage systems by 2032, marking the first large-scale partnership for Ola Mahashakti, the company’s forthcoming energy storage platform scheduled to launch on August 15. The agreement, which establishes utility-scale battery energy storage systems (BESS) as a new growth avenue for Ola, follows Axis Energy securing grid approvals for over 3,750 MW of projects in Andhra Pradesh and Rajasthan, and anticipates annual deployment of 5 GWh from 2028.

Ola Electric Mobility Limited will hold a board meeting on Friday, August 7, 2026, to consider and approve the unaudited standalone and consolidated financial results for the first quarter and three months ended June 30, 2026.

The quarter concluded with 16,144 registrations in June 2026, reflecting sustained business momentum and the company's strongest monthly performance in recent quarters. The strong sequential growth demonstrates continued improvement in retail execution, customer demand and product availability, building on the operational initiatives undertaken over the last few quarters. June's performance further reinforces the positive trajectory seen through the quarter, as the company continues to strengthen its position in India's fast-growing electric two-wheeler market. Ola Electric spokesperson said, Q1 FY26 marks a significant milestone in our growth journey, with registrations doubling sequentially and June registering 16,144 vehicles - our strongest monthly performance in recent quarters. The sustained momentum reflects the success of our operational improvements, strong product portfolio and continued customer preference for Ola Electric. 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. Powered by Capital Market - Live

Ola Electric today announced that it registered 43,719 vehicles in Q1 FY26, nearly doubling from 22,252 vehicles in Q4 FY25, according to VAHAN data. The quarter concluded with 16,144 registrations in June 2026, reflecting sustained business momentum and the company's strongest monthly performance in recent quarters. The strong sequential growth demonstrates continued improvement in retail execution, customer demand and product availability, building on the operational initiatives undertaken over the last few quarters. June's performance further reinforces the positive trajectory seen through the quarter, as the company continues to strengthen its position in India's fast-growing electric two-wheeler market.

Morepen Laboratories Ltd, Paras Defence and Space Technologies Ltd, Arvind Ltd and Capri Global Capital Ltd are among the other gainers in the BSE's 'A' group today, 30 June 2026.Ola Electric Mobility Ltd soared 10.91% to Rs 44.83 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 177.31 lakh shares were traded on the counter so far as against the average daily volumes of 109.05 lakh shares in the past one month. Morepen Laboratories Ltd surged 9.32% to Rs 59.71. The stock was the second biggest gainer in 'A' group. On the BSE, 16.66 lakh shares were traded on the counter so far as against the average daily volumes of 8.29 lakh shares in the past one month. Paras Defence and Space Technologies Ltd spiked 7.52% to Rs 1272.8. The stock was the third biggest gainer in 'A' group. On the BSE, 2.61 lakh shares were traded on the counter so far as against the average daily volumes of 4.68 lakh shares in the past one month. Arvind Ltd exploded 7.08% to Rs 587.85. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.55 lakh shares were traded on the counter so far as against the average daily volumes of 48165 shares in the past one month. Capri Global Capital Ltd advanced 5.86% to Rs 229.35. The stock was the fifth biggest gainer in 'A' group. On the BSE, 80.44 lakh shares were traded on the counter so far as against the average daily volumes of 6.04 lakh shares in the past one month. Powered by Capital Market - Live

Ola Cell Technologies (OCT), a wholly owned subsidiary of Ola Electric, today announced that it has received the Bureau of Indian Standards (BIS) certification under IS 16046 (Part 2):2018 / IEC 62133-2:2017 for its indigenously developed LFP 46100 cylindrical cell. With this achievement, Ola Electric becomes the first Indian company to receive BIS certification for an indigenously developed cell in the 46100 format, marking another significant milestone in India's journey towards advanced battery manufacturing and energy independence. In addition to BIS certification, the LFP 46100 cell has successfully qualified under IS 16893 Parts 2 and 3 and UN 38.3 standards, confirming that the cell has completed the prescribed electrical, mechanical, environmental, reliability, abuse, and transportation-safety evaluations. Developed with significant localization across materials, components, engineering, and manufacturing processes, the LFP 46100 demonstrates Ola Electric's growing ability to develop, qualify, and industrialize advanced cell technologies within India. To achieve the BIS certification, Ola Electric's 46100 LFP Cell underwent a series of stringent safety, performance, and endurance tests at a National Accreditation Board for Testing and Calibration Laboratories (NABL)- accredited laboratory. Overall, the cells underwent multiple qualification tests, including thermal abuse, external short circuit, forced discharge, impact, altitude, abnormal charging, vibration, continuous low-rate charging, crush, free fall, and mechanical shock assessments.