• Type of Event: This was an earnings conference call discussing the audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026.
  • Date and Time: The conference call was held on May 20, 2026. The specific time and time zone were not disclosed in the transcript.
  • Purpose: The stated purpose was to discuss Q4 and FY26 financial results, provide operational updates, and share the company's outlook and priorities for FY27.
  • Management Participants: The call featured Mr. Bhavish Aggarwal (Founder, Chairman and Managing Director), Mr. Deepak Rastogi (Chief Financial Officer), and Mr. Abhishek Chauhan (Director, Corporate Communications & PR).
  • Availability of Materials: The company stated that the transcript of this earnings conference call was being submitted to the stock exchanges and would be hosted on the company's website at www.olaelectric.com.
  • UPSI Statement: The moderator provided a standard forward-looking statement disclaimer, noting that any outlook or forward-looking statements involve risks and uncertainties and are not guarantees of future performance.
  • Financial Period Discussed: The call primarily discussed Q4 FY26 (January-March 2026) and full year FY26 (April 2025-March 2026) results, with guidance provided for Q1 FY27 (April-June 2026).
  • Key Financial Highlights:
  • Q4 FY26 consolidated gross margins reached 38.5% (33.5% excluding PLI), up from 34.3% in Q3 and 13.7% in Q4 FY25
  • FY26 consolidated revenue stood at ₹2,253 crores with 173,794 deliveries
  • Consolidated gross margin improved to 30.6% for FY26
  • Q4 was the first operating cash flow positive quarter with consolidated CFO of ₹91 crores
  • Auto business delivered ₹213 crores of CFO and ₹173 crores of free cash flow in Q4
  • Consolidated OpEx reduced from ₹844 crores in Q4 FY25 to ₹428 crores in Q4 FY26
  • Warranty costs reduced dramatically from ₹500+ crores in FY25 to ₹59 crores in FY26
  • Forward-Looking Statements and Guidance:
  • Q1 FY27 expected orders: 40,000-45,000 units
  • Q1 FY27 expected consolidated revenue: ₹500-550 crores (nearly double Q4 level)
  • OpEx expected to move toward approximately ₹350 crores over next couple of quarters
  • Adjusted operating EBITDA breakeven achievable at 20,000-25,000 units per month
  • Full transition to own cells planned by September 2026
  • Gigafactory commercialization expected to be completed by end of current quarter (June 2026)

Additional Notes Section

  • Attachments: The submission includes the full transcript of the earnings conference call as an enclosure.
  • Financial Data Disclosure: The announcement itself does not contain financial data, but the transcript it submits contains extensive financial information, metrics, and guidance as detailed above.