• Event Type: Q1 FY27 Earnings Conference Call with analysts and investors
  • Event Date and Time: August 7, 2026 (time zone not specified)
  • Purpose: Discussion of unaudited standalone and consolidated financial results for the first quarter and three months ended June 30, 2026
  • Management Participants: Mr. Bhavish Aggarwal (Founder, Chairman and Managing Director), Mr. Deepak Rastogi (Chief Financial Officer)
  • Compliance Statement: The transcript was submitted pursuant to Regulation 30 of SEBI Listing Regulations and will be hosted on the company website at www.olaelectric.com

Financial Highlights Disclosed in Transcript:

  • Deliveries increased to approximately 39,200 units, nearly doubling quarter-on-quarter
  • Orders increased to approximately 44,000 units
  • Auto revenue grew 72% sequentially to ₹455 crore
  • Gross profit of ₹139 crore with Auto gross margin sustained at 30.5%
  • Consolidated operating expenses declined 22% quarter-on-quarter to ₹333 crores
  • Consolidated adjusted operating EBITDA improved from negative ₹326 crores in Q4 FY26 to negative ₹195 crores in Q1 FY27
  • Market share increased from 5.1% to 8.4% with registrations growing 97% vs industry growth of 17%
  • Successful completion of ₹780 crore QIP strengthening balance sheet

Strategic and Operational Updates:

  • 4680 NMC Bharat Cell already commercially deployed, 46100 LFP cell BIS-certified and vehicle-ready
  • Gigafactory expected operational at 6 GWh by September 2026
  • Service revenue target of approximately ₹400-500 crore by FY 2027-28
  • Shift from single-channel to multi-channel distribution strategy with dealerships to go live in early September
  • First MoU signed with Axis Energy for Mahashakti utility-scale energy-storage product for 20 GWh over 5-6 years
  • Capex guidance of approximately ₹30-50 crore for the year beyond Cell project completion
  • Target operating expenses of ₹300-325 crore range in coming quarters

Additional Notes Section

  • The document contains the full transcript of the earnings conference call including Q&A session with analysts
  • No attachments were mentioned beyond the transcript itself
  • The announcement contains extensive financial data and operational updates from management
  • The company indicated forward-looking statements involve risks and uncertainties and are not guarantees of future performance