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Mint
15-07-2025
- Automotive
- Mint
Ola Electric's profit push has been ignited. Now, volumes have to follow
Ola Electric Mobility Ltd's stock jumped 14% in the past two days after its June quarter (Q1FY26) results showed the clearest signs yet of operating discipline. Ola's auto business was Ebitda positive in June helped by stronger volumes, tighter cost control, and early gains from its vertically integrated setup. Q1FY26 consolidated revenues rose 35.5% sequentially to ₹828 crore, while deliveries climbed 32.7%. Gross margin rose to 25.8% in Q1FY26 from 13.8% in Q4FY25, leading to an improvement in Ebitda margin to negative 29% from negative 114% in the same period. Ola expects profitability to sustain and has guided for above 5% FY26 auto segment Ebitda margin after posting negative 11.6% margin in Q1FY26. FY26 vehicle deliveries are pegged at 3.25 lakh–3.75 lakh units, which could be a tall order. Kotak Institutional Equities is baking in 3.10 lakh units in FY26. Ola projects its gross margin to rise further to 35–40% as PLI-linked savings from its Gen-3 scooters kick in. It should be noted that Ola's Q1FY26 volumes declined 46% year-on-year despite the electric vehicle (EV) industry's two-wheeler volumes growing 7%. Kotak has cut its FY26-FY28volume assumptions to the tune of 12-16%, given lower growth assumptions for the EV two-wheeler industry and sustained below expected volume offtake performance. 'An increase in competitive intensity will continue to weigh on the company's market share," said Kotak in a report on 14 July. Moreover, execution risks persist. Ola's motorcycle rollout is still in early stages, with Roadster X in 200 stores and a national launch due by Navratri. While the initial response is positive, scale and further demand are untested. The company plans to launch a new product every quarter over the next two years. Ola plans to spend ₹300 crore over the remaining nine months of FY26, with ₹400–500 crore in free cash flow required to fund the auto business. It expects the auto segment to turn FCF-positive by FY26's end. For its cell business, Ola will invest around ₹1,000 crore to build a 5 GWh facility, which it expects to break even by FY27. Engineering bets continue as Ola's rare-earth-free motors are set to enter production in Q3FY26, with dual-sourced magnets added to reduce supply chain risk. For now, Ola's numbers suggest a turning point. But for this rally to evolve into a rerating, the company will need to show consistency on volumes, margins, and Securities and Capital Markets (India)analysts maintained their 'hold' rating and reckon the current valuation reflects all improvements.
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Business Standard
14-07-2025
- Automotive
- Business Standard
Ola Electric Mobility Q1 results: Loss widens 23%, revenue falls 50%
Ola Electric Mobility posted a deeper net loss for the quarter ended 30 June, as the electric scooter maker contended with a sharp drop in revenue. The company reported a consolidated loss of ₹428 crore, widening by 23 per cent from ₹347 crore in the same period a year earlier. Revenue from operations slumped nearly 50 per cent to ₹828 crore, down from ₹1,644 crore a year ago. The steep decline in sales was partially offset by cost-cutting measures, with total expenses falling 42 per cent year-over-year to ₹1,065 crore. The results highlight the challenges facing India's electric vehicle sector, as it grapples with softening demand and heightened competition, even as firms push to scale production and capture market share. Ola's market share is slipping amid rising competition from incumbents like Bajaj Auto and TVS. While losses widened year-over-year, the company's net loss declined by more than 50 per cent on a quarterly basis. During the quarter under review, the company also reported a positive EBITDA. 'The company's auto business turned EBITDA positive in June, on the back of strong gross margins owing to the company's vertical integration strategy,' said the company in a statement. Ola Electric delivered a total of 68,192 vehicles in Q1 FY26, compared to 51,375 units delivered in Q4 FY25, marking an increase of 32.7 per cent quarter-on-quarter (QoQ). The auto segment EBITDA improved sharply to -11.6 per cent, compared to -90.6 per cent in Q4 FY25, with June marking the first EBITDA-positive month for the auto business. The consolidated EBITDA also saw a substantial recovery to -28.6 per cent from the previous quarter. The company's cost optimisation initiative, Project Lakshya, has driven significant operating efficiencies, reducing monthly auto operating expenses from ₹178 crore to ₹105 crore. Consolidated operating expenses now stand at ₹150 crore per month, with further reductions targeted to approximately ₹130 crore per month through FY26. Operating cash flow for the auto business was nearly neutral in Q1, and free cash flow improved to -₹107 crore, a significant improvement from -₹455 crore in Q4. Ola Electric's product roadmap continues to yield strong customer traction. The newly introduced Gen 3 scooters accounted for 80 per cent of total scooter sales during the quarter. These scooters have not only delivered better margins but have also significantly reduced warranty claims, reflecting the company's ongoing engineering improvements. Meanwhile, the rollout of Ola Electric's Roadster X motorcycles is progressing in phases, with the product now available in 200 stores across India and set to scale further during the upcoming festive season. On the software front, MoveOS+ adoption surged to nearly 50 per cent in new customers (up from 2 per cent in Q4). One of Ola Electric's most significant technological advancements is the in-house production of its 4680 Bharat Cell, which will begin powering vehicles starting this Navratri. The company expects that by the end of FY26, it will fully utilise the 1.4 GWh capacity, and install the remaining capacity to reach 5 GWh, scaling consumption to 5 GWh through FY27. The company has also successfully developed Heavy Rare Earths (HRE)-free motors, which are scheduled for production deployment in Q3 FY26. These initiatives, enabled by the company's deep investment in vertical integration and R&D, are designed to reduce costs and enhance performance.
Economic Times
09-07-2025
- Automotive
- Economic Times
Ola Electric shares in focus on launching MoveOS 5, co's biggest software upgrade yet
Shares of Ola Electric are expected to be in the spotlight on Wednesday, July 9, after the company announced the mass roll-out of MoveOS 5, its largest software update to date. ADVERTISEMENT The Bengaluru-based electric vehicle maker stated that the update will roll out this week for all S1 electric scooters and Roadster X motorcycles via an over-the-air (OTA) upgrade. MoveOS is Ola Electric's proprietary in-house operating system designed to power its line-up of electric two-wheelers. The MoveOS 5 update, according to the company, introduces more than 50 new features and enhancements aimed at improving performance, efficiency, and user experience. With the rollout of MoveOS 5, Ola Electric has optimised energy management systems, real-time monitoring, and battery performance. The company stated that the update results in smoother ride quality, smarter energy recuperation, and increased reliability across all generations of its of the key features introduced include DIY Mode, Road-Trip Mode, Easy Park, Live Location Sharing, SOS Alerts, Find My Vehicle, a Notification Centre, and infotainment widgets such as Cricket and Weather. These features are aimed at improving convenience, control, safety, and connectivity for users. 'MoveOS 5 is the latest upgrade in our journey to build the most advanced and intelligent OS for EV two-wheelers. This upgrade isn't just about new features, it fundamentally enhances the performance, reliability, and range of our vehicles. With smarter energy management, real-time system monitoring, and more user control over ride settings, we're enabling our riders to get more out of every ride. MoveOS 5 is a reflection of our commitment to continuous innovation and product evolution, and it's been engineered to deliver a riding experience that is not only more personalized, but also more robust, efficient, and future-ready,' said an Ola spokesperson. ADVERTISEMENT Ola Electric said the update is compatible with its Gen 3 platform and enhances the in-house Motor Control Unit (MCU) for better vehicle responsiveness. The OTA rollout begins this week, making the update accessible to users without requiring a service centre visit. Also read: Jane Street saga highlights the dangers of shampoo-style trading in markets ADVERTISEMENT Ola Electric shares closed 1.9% lower at Rs 40.77 on the BSE on Tuesday. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
09-07-2025
- Automotive
- Time of India
Ola Electric shares in focus on launching MoveOS 5, co's biggest software upgrade yet
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Ola Electric are expected to be in the spotlight on Wednesday, July 9, after the company announced the mass roll-out of MoveOS 5 , its largest software update to Bengaluru-based electric vehicle maker stated that the update will roll out this week for all S1 electric scooters and Roadster X motorcycles via an over-the-air (OTA) is Ola Electric's proprietary in-house operating system designed to power its line-up of electric two-wheelers. The MoveOS 5 update, according to the company, introduces more than 50 new features and enhancements aimed at improving performance, efficiency, and user the rollout of MoveOS 5, Ola Electric has optimised energy management systems, real-time monitoring, and battery performance. The company stated that the update results in smoother ride quality, smarter energy recuperation, and increased reliability across all generations of its of the key features introduced include DIY Mode, Road-Trip Mode, Easy Park, Live Location Sharing, SOS Alerts, Find My Vehicle, a Notification Centre, and infotainment widgets such as Cricket and Weather. These features are aimed at improving convenience, control, safety, and connectivity for users.'MoveOS 5 is the latest upgrade in our journey to build the most advanced and intelligent OS for EV two-wheelers. This upgrade isn't just about new features, it fundamentally enhances the performance, reliability, and range of our vehicles. With smarter energy management, real-time system monitoring, and more user control over ride settings, we're enabling our riders to get more out of every ride. MoveOS 5 is a reflection of our commitment to continuous innovation and product evolution, and it's been engineered to deliver a riding experience that is not only more personalized, but also more robust, efficient, and future-ready,' said an Ola Electric said the update is compatible with its Gen 3 platform and enhances the in-house Motor Control Unit (MCU) for better vehicle responsiveness. The OTA rollout begins this week, making the update accessible to users without requiring a service centre Electric shares closed 1.9% lower at Rs 40.77 on the BSE on Tuesday.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
09-07-2025
- Business
- Mint
Stocks to watch: Tata Steel, Dixon Tech, Tata Motors among shares in focus today amid Trump's tariff deadline extension
Tata Steel India's crude steel output stood unchanged at 5.26 million tons in the quarter ended June 30, compared to the same period last year. The company recorded a 14% year-on-year rise in consolidated crude steel output, totaling 7.26 million tonnes in the first quarter of FY26. The bank reported a 5 per cent year-on-year increase in total business for the first quarter of FY26, rising to ₹ 22.1 lakh crore from ₹ 21.08 lakh crore during the corresponding period last year. The company has entered into a joint venture named Lightanium Technologies Pvt Ltd in collaboration with Signify Innovations India to grow its presence in the lighting sector. The company recorded a 9% year-on-year drop in global wholesales for the first quarter of FY26, with total sales amounting to 2,99,664 units. The company has appointed Saurav Adhikari and Divya Karani as non-executive, non-independent directors, following the conclusion of e-voting on Tuesday, where over 75% of shareholders voted in favor of the appointments. The government has given the green light for the company to set up a special purpose vehicle named KPIN Clean Power Four LLP. The dedicated electric vehicle company has announced the large-scale launch of its in-house developed software, MoveOS 5. This proprietary system is designed for use in both the S1 series of scooters and the newly introduced Roadster X motorcycles. The company plans to increase the galvanisation capacity of its Ranjangaon plant from 40,500 MT to 1,10,000 MT per year by FY27, with an investment of ₹ 170 crore funded through internal accruals and debt. CAMSPay has introduced the CAMSPay New Payment Gateway, capable of handling more than 5,000 transactions per second. This next-generation payment solution is built to meet the evolving needs of businesses in India, addressing key challenges in the rapidly changing payments ecosystem. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
