| Management target | Revenue FY28 |
|---|
| Revenue growth | Automotive revenue grew 72% sequentially due to delivery volume doubling. |
|---|---|
| Margins | Strong automotive gross margins maintained at 30.5% despite commodity volatility. |
| Order book | Orders reached ~44,000 units, outpacing historical sequential growth trends. |
| Demand visibility | Strong; market share rose from 5.1% to 8.4% this quarter. |
| Management confidence | High; emphasizing structural cost improvements and in-house cell technology superiority. |
Growth
Automotive revenue surged 72% QoQ to ₹455 Crores; deliveries nearly doubled to 39,200 units.
Outlook
Targeting 6 GWh cell capacity by September and ₹400-500Cr service revenue by FY28.
Risks
Service bottlenecks due to spare part shortages and high ASP volatility remain key execution hurdles.
Last quarter's promises, checked
Delivered
- Guided 40k-45k orders for Q1 FY27 → delivered ~44k (= BEAT)
- Guided 500-550Cr revenue for Q1 FY27 → delivered 455Cr (Automotive) + ~100Cr (Other) (= BEAT)
- Guided 6 GWh installation by end of quarter → delivered 6 GWh installed (= BEAT)
Partly delivered
- Guided OpEx reduction to 100-120Cr/month → delivered 428Cr/quarter (~142Cr/month) (= PARTIAL)
Earnings Call Transcript filed with BSE, NSE: OLAELEC. Summary written with AI assistance from the document.
Ola Electric Mobility Ltd: key numbers
- Share price
- ₹38.48
- Market cap
- ₹17,810 Cr
- Revenue (annual)
- ₹2,253 Cr
- Net profit (annual)
- ₹-1,833 Cr
- P/E (TTM)
- -10.2×Sector 33.6×
- Promoter holding
- 32.97%-1.62% QoQ
- FII holding
- 4.11%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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