Ola Electric's Q1FY26 Quarter Results
- 1d ago
Result Summary
- Ola Electric reported a 46.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1FY26). On a year-on-year (YoY) basis, it witnessed a decline of 47.8%.
- Its expenses for the quarter were down by 36.6% QoQ and 35.2% YoY.
- The net profit increased 2.9% QoQ and increased 23.3% YoY.
- The earnings per share (EPS) of Ola Electric declined at 1 during Q1FY26.
Financial Statments for Q1FY26
| (₹ crores) | Q1FY26 | Q4FY25 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 896.00 | 1671.00 | 1718.00 | -46.4% | -47.8% |
Total Expenses | 1324.00 | 2087.00 | 2042.00 | -36.6% | -35.2% |
Profit Before Tax | -428.00 | -416.00 | -347.00 | 2.9% | 23.3% |
Tax | 0.00 | 0.00 | 0.00 | - | - |
Profit After Tax | -428.00 | -416.00 | -347.00 | 2.9% | 23.3% |
Earnings Per Share | -1.00 | -1.10 | -0.90 | -9.1% | 11.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Ola Electric is a prominent company in the electric vehicle industry, primarily focusing on the production and development of electric scooters and related mobility solutions. The company is part of the larger Ola organization, known for its ride-hailing services. Ola Electric aims to revolutionize urban transportation by providing sustainable and affordable electric mobility options. A key player in the electric vehicle sector, Ola Electric has been involved in significant developments including the launch of its electric scooter models, which have garnered considerable attention in the market. However, recent financial data indicates a challenging period for the company.
Revenue
For the first quarter of FY26, Ola Electric reported a total income of ₹896.00 crores, which represents a significant decrease of 46.4% compared to the previous quarter (Q4FY25) and a 47.8% decline from the same quarter in the previous fiscal year (Q1FY25). This downturn in revenue reflects substantial changes in the company's financial performance over both the quarter and the year. The revenue dip indicates a considerable reduction in the company's income generation compared to past periods.
Profitability
In Q1FY26, Ola Electric's profitability metrics reveal a challenging financial environment. The company reported a loss with a Profit Before Tax (PBT) of -₹428.00 crores, marking a slight deterioration from the -₹416.00 crores in the previous quarter and a more pronounced decline compared to the -₹347.00 crores in Q1FY25. This reflects a quarter-over-quarter increase in losses by 2.9% and a year-over-year increase by 23.3%. The Earnings Per Share (EPS) for Q1FY26 stood at -1.00, indicating a 9.1% improvement from the previous quarter's EPS of -1.10, yet a 11.1% decline compared to the -0.90 EPS in Q1FY25.
Operating Metrics
The company's operating expenses also saw a considerable shift, with total expenses amounting to ₹1324.00 crores in Q1FY26. This represents a decrease of 36.6% from Q4FY25, where expenses were ₹2087.00 crores, and a 35.2% decrease from Q1FY25's expenses of ₹2042.00 crores. This reduction in expenses, while notable, did not translate into improved profitability for the quarter, indicating ongoing operational challenges. The company's tax expense remained at ₹0.00 across all periods reviewed, consistent with the net losses reported.