Ola Electric Mobility Limited (OLAELEC)
₹34.99 -0.51% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Ola Electric's revenue was ₹455 Cr (-45.0% year on year, +71.7% on the previous quarter), and net profit ₹-336 Cr (a smaller loss than a year earlier); the operating margin was -36.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹455 | -45.0% | +71.7% |
| Operating profit | ₹-165 | loss narrowed | loss narrowed |
| Net profit | ₹-336 | loss narrowed | loss narrowed |
| EPS (₹) | -0.75 | loss narrowed | loss narrowed |
| Operating margin | -36.3% | — | — |
OLAELEC delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 28.28% of the OLAELEC shares traded on NSE were taken to delivery, against the stock's own 20-session average of 23.16%. That is close to its usual level. Volume was 0.2 times its average, well below normal. 4 bulk or block deals were reported in OLAELEC in the last 60 days: ₹233 Cr bought and ₹233 Cr sold.
Delivery in the last 5 sessions: 29.0% · 23.4% · 17.9% · 25.8% · 28.3%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 24 Sep | Sell | Jump Trading Financial India Private Limited | ₹123.53 Cr | ₹42.69 | 28,937,065 | Bulk |
| 24 Sep | Buy | Jump Trading Financial India Private Limited | ₹123.53 Cr | ₹42.69 | 28,937,065 | Bulk |
| 23 Sep | Sell | Jump Trading Financial India Private Limited | ₹109.25 Cr | ₹41.48 | 26,337,303 | Bulk |
| 23 Sep | Buy | Jump Trading Financial India Private Limited | ₹108.98 Cr | ₹41.38 | 26,337,303 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Ola Electric Mobility Limited submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on October 3, 2026, confirms the processing and listing of dematerialised securities. The submission is entirely procedural and has no impact on business operations or financial results.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
- Covers the quarter ended September 30, 2026
- Issued by RTA MUFG Intime India Private Limited dated October 3, 2026
- Filing submitted to NSE and BSE on October 12, 2026
Ola Electric Mobility disclosed a social media communication made by its Promoter and CMD regarding dealer network expansion. The post stated that the company has onboarded its first 150 dealers and hosted them at the factory. This marks an ongoing transition towards a partner dealership model to widen retail reach beyond company-owned stores.
- Promoter and CMD communicated the onboarding of the first 150 dealers.
- Onboarded dealers visited and interacted with leadership at the company's factory.
- Filing submitted under Regulation 30 disclosure requirements for social media communications on October 09, 2026.
Ola Electric Mobility has filed its Letter of Offer to raise up to ₹999.74 crore via a rights issue of 37,02,72,665 partly paid-up equity shares. The issue is priced at ₹27 per share (a ~25.6% discount to its market price of ₹36.3) with an entitlement ratio of 2 rights shares for every 25 fully paid-up shares held as of the October 13, 2026 record date. An initial payment of ₹16.20 per share is due on application, with the final ₹10.80 call expected by October 31, 2027. Net proceeds of ₹983.99 crore are allocated towards debt repayment (₹350 crore), organic growth (₹400 crore), and general corporate purposes (₹233.99 crore).
- Rights issue size aggregating up to ₹999.74 crore for 37,02,72,665 partly paid-up shares
- Issue price set at ₹27 per share (face value ₹10 + premium ₹17), requiring ₹16.20 on application
- Rights entitlement ratio established at 2 rights shares for every 25 fully paid-up shares held
- Record date set for October 13, 2026; issue opens on October 22, 2026, and closes October 30, 2026
- Net proceeds of ₹983.99 crore planned for debt repayment (₹350 crore) and organic growth (₹400 crore)
Ola Electric's Board has approved a rights issue of up to ₹1,000 crore priced at ₹27 per share, representing about a 26% discount to its current market price of ₹36.3. The issue will be payable in two calls, requiring 60% upon application and the balance on a subsequent date fixed by the Board. Promoters have committed to participate alongside public shareholders on identical terms. The capital raise represents ~6.2% of the company's current market capitalization of ₹16,090 crore and will help fund ongoing cash burn and expansion initiatives.
- Rights issue size approved up to ₹1,000 crore
- Issue price fixed at ₹27 per share, about 26% below the market price
- Payment structure: 60% payable on application and remaining 40% on a final call
- Promoters will participate in the rights issue on the same terms as public shareholders
Ola Electric Mobility has finalized the terms for its rights issue to raise up to ₹999.74 crore through the issue of 37,02,72,665 partly paid-up shares. The rights issue price is set at ₹27 per share (including a premium of ₹17), representing a 25.6% discount to its current market price of ₹36.3. The entitlement ratio is 2 rights shares for every 25 equity shares held as on the record date of October 13, 2026. The issue opens on October 22, 2026, with an initial payment of ₹16.20 per share (60%), and closes on October 30, 2026.
- Rights issue size of ₹999.74 crore via 37,02,72,665 partly paid-up shares
- Issue price set at ₹27 per share (₹16.20 payable on application, ₹10.80 on call)
- Entitlement ratio of 2 Rights Equity Shares for every 25 fully paid-up shares
- Record date is October 13, 2026; issue opens October 22 and closes October 30, 2026
- Total outstanding shares to increase from 462.84 crore to 499.87 crore post-issue
Ola Electric Mobility has finalized the terms for its rights issue to raise up to ₹999.74 crore through the issue of 37,02,72,665 partly paid-up shares. The rights issue price is set at ₹27 per share (including a premium of ₹17), representing a 25.6% discount to its current market price of ₹36.3. The entitlement ratio is 2 rights shares for every 25 equity shares held as on the record date of October 13, 2026. The issue opens on October 22, 2026, with an initial payment of ₹16.20 per share (60%), and closes on October 30, 2026.
- Rights issue size of ₹999.74 crore via 37,02,72,665 partly paid-up shares
- Issue price set at ₹27 per share (₹16.20 payable on application, ₹10.80 on call)
- Entitlement ratio of 2 Rights Equity Shares for every 25 fully paid-up shares
- Record date is October 13, 2026; issue opens October 22 and closes October 30, 2026
- Total outstanding shares to increase from 462.84 crore to 499.87 crore post-issue
Ola Electric promoter Bhavish Aggarwal has pledged a 4.32% stake in the company solely to fund his subscription to the upcoming rights issue. This follows the Draft Letter of Offer filed on September 28, 2026, with the promoter confirming that no shares are being sold and no other pledges exist on his holdings. The pledge supports promoter capital infusion alongside public shareholders, maintaining alignment amidst ongoing operational losses (TTM net loss of Rs 1,741 Cr). With total promoter holding standing at 32.96% as of June 2026, the 4.32% pledge represents roughly 13.1% of the promoter's total equity stake.
- Promoter Bhavish Aggarwal pledged 4.32% stake in Ola Electric
- Proceeds from the pledge are dedicated solely to subscribing to the company's rights issue
- Draft Letter of Offer (DLOF) for the rights issue was filed on September 28, 2026
- Company confirmed no other pledges exist on his securities and no shares are being sold
Ola Electric Mobility announced the voting results of its 9th Annual General Meeting held on September 30, 2026, where all 6 resolutions were passed with the requisite majority. A total of 269.49 crore votes were polled representing a 58.22% voter turnout across 19,40,458 shareholders. Crucially, Resolution 6 approving fund-raising via issuance of securities passed with 99.99% approval, including 100% support from institutional and promoter categories. Shareholders also adopted the FY26 financial statements and approved the re-appointment of directors.
- All 6 resolutions passed at the 9th AGM with 2,69,48,84,025 total votes polled (58.22% turnout)
- Enabling resolution to raise funds through issuance of securities approved with 99.99% votes in favor
- Adoption of FY26 standalone and consolidated financial statements approved with 97.42% favorable votes
- Shareholder count stood at 19,40,458 as of the cut-off date of September 24, 2026
Ola Electric's Board of Directors has approved the constitution and terms of reference for a Rights Issue Committee on September 28, 2026. The committee comprises three members: CMD Bhavish Aggarwal as Chairperson, alongside Independent Directors Manoj Kumar Kohli and Navalur Dattatreya Singh Shashank. The committee has been delegated necessary powers to execute the upcoming Rights Issue. Specific fundraising quantum, pricing, entitlement ratio, and timelines were not disclosed in this filing.
- Board approved the constitution of a Rights Issue Committee on September 28, 2026
- Committee consists of 3 members, chaired by CMD Bhavish Aggarwal
- Includes 2 Independent Directors: Manoj Kumar Kohli and Navalur Dattatreya Singh Shashank
- Fundraise quantum and pricing were not disclosed in the filing
Ola Electric's Board approved a rights issue of partly paid-up equity shares of face value ₹10 each for an aggregate amount not exceeding ₹1,000 crore. The proposed fundraise represents roughly 6.0% of the company's current market capitalisation of ₹16,772 crore and 53.2% of its TTM revenue of ₹1,880 crore. Key terms including the issue price, entitlement ratio, record date, and payment schedule are yet to be finalized by the Board. The capital injection comes amid heavy ongoing operational losses, with the company reporting a net loss of ₹1,741 crore over the trailing twelve months.
- Board approved rights issue for an amount not exceeding ₹1,000 crore
- Securities to be issued are partly paid-up equity shares with face value ₹10 each
- Detailed terms including rights price, entitlement ratio, and record date will be determined subsequently
- Fundraise amount equals ~6.0% of market cap and ~53.2% of TTM revenue
Ola Electric Mobility's Board has approved the issuance of partly paid-up equity shares via a rights issue for an amount not exceeding ₹1,000 crore. The proposed fundraise represents approximately 6.0% of the company's current market capitalization of ₹16,772 crore and roughly 53.2% of its TTM revenue of ₹1,880 crore. Key terms including the issue price, rights entitlement ratio, and record date will be determined by the Board and announced later. The company continues to operate at a loss with TTM PAT at -₹1,741 crore, making fresh equity capital critical for liquidity and growth initiatives.
- Board approved a rights issue of partly paid-up equity shares of face value ₹10 each
- Total issue size capped at an aggregate amount not exceeding ₹1,000 crore
- Detailed terms such as issue price, entitlement ratio, and record date will be notified subsequently
- Fundraise represents ~6.0% of current market cap of ₹16,772 crore
Ola Electric Mobility Limited informed the stock exchanges of an updated list of Key Managerial Personnel (KMPs) authorized to determine event materiality under Regulation 30(5) of SEBI LODR Regulations. The approved list includes Chairman & MD Bhavish Aggarwal, Group Chief Legal Officer Saroj Panigrahi, CFO Deepak Rastogi, and Compliance Officer Deepa Bansal. The approval was granted during the Board of Directors meeting on September 28, 2026. This is a standard statutory disclosure with no financial or operational impact.
- Board approved revised KMP list for Regulation 30 materiality disclosures on September 28, 2026
- Authorized officials include 4 personnel: CMD Bhavish Aggarwal, Legal Officer Saroj Panigrahi, CFO Deepak Rastogi, and CS Deepa Bansal
- Contact information standardized via central investor contact (companysecretary@olaelectric.com, 080-35440050)
Ola Electric Mobility Limited has issued a company statement stating that it is seeking Board approval for a proposed rights issue of equity shares. The rights issue is intended to enable participation across all eligible shareholder classes, including retail, institutional, and promoter groups. The size, price, entitlement ratio, and timing of the issue have not yet been disclosed. The fundraise comes as the company reported a TTM net loss of Rs -1,741 Cr against TTM revenue of Rs 1,880 Cr.
- Board approval being sought for a proposed rights issue of equity shares as of September 23, 2026
- Structure intends to allow participation from retail, institutional, and promoter group shareholders
- Issue size, price, and record date are not disclosed in the filing
- Fundraise plan follows TTM net losses of Rs -1,741 Cr and Jun 2026 quarterly revenue of Rs 455 Cr
Ola Electric Mobility Limited has announced an upcoming one-on-one analyst site visit scheduled for September 17, 2026. The meeting will be conducted on-site at the Ola Future Factory and Giga Factory with Emkay Global Financial Services Ltd between 9:00 am and 5:30 pm. The company confirmed that no unpublished price sensitive information (UPSI) will be discussed during the interactions. This is a procedural corporate disclosure under Regulation 30.
- One-on-one analyst meeting scheduled for September 17, 2026
- Meeting duration planned from 9:00 am to 05.30 pm IST
- Site visit arranged at Ola Future Factory & Giga Factory with Emkay Global Financial Services Ltd
- Company confirmed no unpublished price sensitive information (UPSI) will be shared
Ola Electric Mobility has dispatched AGM notices and the FY25-26 Annual Report web link to shareholders without registered email addresses. The 9th Annual General Meeting is scheduled to be held virtually on September 30, 2026, at 4:30 PM IST. The cut-off date to determine e-voting eligibility is set for September 24, 2026, with the e-voting window open from September 27 to September 29, 2026. This is a procedural compliance filing under Regulation 36(1)(b) of SEBI LODR Regulations.
- 9th Annual General Meeting scheduled for September 30, 2026, at 4:30 PM IST via VC/OAVM
- Cut-off date for e-voting eligibility is Thursday, September 24, 2026
- Remote e-voting window runs from September 27, 2026 (9:00 AM IST) to September 29, 2026 (5:00 PM IST)
- Notices dispatched to shareholders whose email addresses were unregistered as of September 3, 2026
Financial Performance
Revenue Growth by Segment
Automotive segment revenue grew 11% YoY to INR 5,010 Cr in FY25 from INR 4,514 Cr in FY24. Consolidated revenue for Q2 FY26 was INR 690 Cr, a 16.6% decline from Q1 FY26 (INR 828 Cr) as the company prioritized profitability over volume.
Geographic Revenue Split
Not disclosed in available documents, though the company expanded touchpoints significantly into India's hinterlands and rural areas in FY25.
Profitability Margins
Auto gross margins expanded from 12.6% in FY24 to 17.9% in FY25, reaching 30.7% in Q2 FY26 (up 510 bps QoQ). Consolidated gross margin for Q2 FY26 was 30.9%.
EBITDA Margin
Auto segment achieved its first positive EBITDA margin of 0.3% in Q2 FY26, compared to -5.3% in Q1 FY26. Consolidated EBITDA margin for Q2 FY26 was -18.1% (INR -137 Cr).
Capital Expenditure
Auto segment capex for Q3 and Q4 FY26 is estimated at INR 100 Cr - INR 150 Cr. SBI project finance covers the committed outlay for the 5.9 GWh Gigafactory installation.
Credit Rating & Borrowing
The company utilizes project finance with SBI for its Gigafactory; specific interest rates and credit ratings are not disclosed.
Operational Drivers
Raw Materials
Lithium-ion cells (4680 format), steel, and aluminum are primary materials. Cell costs were reduced through vertical integration and the shift from Gen 2 to Gen 3 platforms.
Import Sources
Not disclosed in available documents, though the company is transitioning to in-house cell production at its Gigafactory.
Key Suppliers
SBI (Project Finance). Specific raw material suppliers are not disclosed.
Capacity Expansion
Current automotive capacity is 1 million units per year. Cell capacity is currently 5.9 GWh, with a planned expansion to 20 GWh starting in H1 FY27.
Raw Material Costs
Bill of materials (BOM) costs were notably reduced in FY25 through Gen 2 platform optimizations and lower raw material costs for cells.
Manufacturing Efficiency
The company achieved EBITDA break-even at a delivery scale of 20,000 units per month, down from a previous requirement of 25,000 units.
Logistics & Distribution
Distribution costs were reduced by bringing registration and warehousing in-house; Auto opex fell from INR 308 Cr in Q1 FY26 to INR 258 Cr in Q2 FY26.
Strategic Growth
Expected Growth Rate
25%
Growth Strategy
Growth will be driven by the ramp-up of the Gen 3 platform, the launch of the Roadster motorcycle series (15% of Q2 volume), and the entry into the BESS market with the 'Ola Shakti' product targeting INR 1,000 Cr revenue in FY27.
Products & Services
Electric scooters (S1 series), electric motorcycles (Roadster), Battery Energy Storage Systems (Ola Shakti), and software subscriptions.
Brand Portfolio
Ola Electric, Ola Shakti.
New Products/Services
Ola Shakti (BESS) units and Roadster motorcycles; Shakti is expected to contribute at least INR 1,000 Cr to FY27 revenue.
Market Expansion
Expansion of the distribution network into rural India and hinterlands, with touchpoints multiplying several times in FY25.
Market Share & Ranking
The company targets a 25% market share in the electric two-wheeler industry.
External Factors
Industry Trends
The industry is shifting toward vertical integration and in-house cell manufacturing to reduce costs. Competition has increased from 2 to 6 major players in the last 1.5 years.
Competitive Landscape
Hyper-competitive market with 6 major players; competitors are using aggressive discounting and channel incentives to gain share.
Competitive Moat
Moat is built on vertical integration, in-house cell production, and a shared technology platform across scooters, bikes, and BESS products, providing a sustainable cost advantage.
Macro Economic Sensitivity
The electric vehicle market has been flat, with demand sensitive to government subsidies and competitive pricing dynamics.
Consumer Behavior
Customers are increasingly seeking higher range and lower cost of ownership, driving penetration into mass segments.
Regulatory & Governance
Industry Regulations
The PLI scheme provides a 7-8 percentage point boost to gross margins. The reduction in FAME2 subsidies impacted FY25 margins.
Taxation Policy Impact
Not disclosed; the company is currently reporting losses before tax (INR -418 Cr in Q2 FY26).
Legal Contingencies
FY24 results were impacted by one-time costs including warranty provisions and IPO-related expenses totaling a significant portion of the INR 1,260 Cr Auto EBITDA loss.
Risk Analysis
Key Uncertainties
Market share loss due to refusal to discount (market share target is 25%) and the successful ramp-up of the Gigafactory to 20 GWh.
Geographic Concentration Risk
More than 50% of touchpoints are now located in rural areas and hinterlands.
Third Party Dependencies
The company has reduced third-party dependency by bringing warehousing and registration in-house.
Technology Obsolescence Risk
Risk is mitigated by the rapid transition from Gen 2 to Gen 3 platforms and in-house R&D.
