Ola Electric Mobility Limited
Financial Performance
Ola Electric Revenue & Financials
Revenue
~$261.3M (FY2026)
Market Cap
$1.9B
What is Ola Electric's revenue?
Ola Electric had ~$261.3M in revenue for fiscal year 2026, down 50.1% from 2025. It reported a net loss of ~$212.6M.
- Latest revenue
- ~$261.3M (FY2026)
- Year-over-year
- -50.1%
- Growth rate (CAGR)
- 56.7% over 4 years
- Peak revenue
- ~$581.2M (FY2024)
- Years of data
- 5
- How much profit does Ola Electric make?
- Ola Electric reported a net loss of ~$212.6M for fiscal year 2026. stockanalysis.com
Financial Analysis
Ola Electric's revenue from operations rose from ~$43.3 million (₹373 crore) in FY22 to ~$581 million (₹5,010 crore) in FY24, then fell to ~$524 million (₹4,514 crore) in FY25 and ~$261 million (₹2,253 crore) in FY26, missing its own ₹3,000-3,200 crore FY26 guidance. Net losses were ~$184 million (₹1,584 crore) (FY24), ~$264 million (₹2,276 crore) (FY25) and ~$213 million (₹1,833 crore) (FY26). Q1 FY27 (April-June 2026) showed early recovery: revenue ~$52.8 million (₹455 crore) (down 45% year on year but up 72% from Q4), deliveries of 39,192 units, a 30.5% gross margin and a net loss of ~$39 million (₹336 crore). Ola raised ~$90.5 million (₹780 crore) through a QIP in June 2026, and its board approved further raises of up to $174 million (₹1,500 crore) and a ~$116 million (₹1,000 crore) rights issue in September 2026. Ola Electric Mobility is India's absolute largest manufacturer of electric two-wheelers, commanding a market valuation typically exceeding $4 billion after going public.
Revenue Trend Analysis
YoY Change
-50.1%
4-Year CAGR
+56.7%
Peak Year
2024
Trend
Mostly Growing
Ola Electric Mobility Limited has 5 full fiscal year figures on this page, compounding at +56.7% annually over 4 years. The most recent year saw a 50.1% decline versus the prior year. Annual revenue peaked in fiscal year 2024 at ~$581.2M. Of 4 comparable year-over-year steps, 2 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2026 | ~$261.3M | -~$212.6M | -50.1% | Ola Electric Mobility (NSE:OLAELEC) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2026-03-31. |
| FY2025 | ~$523.6M | -~$264M | -9.9% | Ola Electric Mobility (NSE:OLAELEC) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2025-03-31. |
| FY2024 | ~$581.2M | -~$183.7M | +90.4% | Ola Electric Mobility (NSE:OLAELEC) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2024-03-31. |
| FY2023 | ~$305.2M | -~$170.8M | +604.5% | Ola Electric Mobility (NSE:OLAELEC) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2023-03-31. |
| FY2022 | ~$43.3M | -~$91M | — | Ola Electric Mobility (NSE:OLAELEC) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-03-31. |
Click any row to see year details.
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Ola Electric Revenue and Financial FAQ
What was Ola Electric's revenue in FY26?
Revenue from operations was ~$261 million (₹2,253 crore) in FY26, down 50.1% from ~$524 million (₹4,514 crore) in FY25 and below the company's ₹3,000-3,200 crore guidance.
How much did Ola Electric lose in FY26?
Ola Electric's consolidated net loss narrowed to ~$213 million (₹1,833 crore) in FY26 from ~$264 million (₹2,276 crore) in FY25.
What were Ola Electric's Q1 FY27 results?
For April-June 2026, revenue was ~$52.8 million (₹455 crore) (down 45% year on year, up 72% from Q4), net loss ~$39 million (₹336 crore), gross margin 30.5% and operating EBITDA loss ~$19.1 million (₹165 crore). Deliveries were 39,192 units.
How much did Ola Electric raise in its IPO?
Ola Electric's August 2024 IPO raised about $713 million (₹6,145 crore) at ₹76 per share, including a fresh issue of ~$638 million (₹5,500 crore).
Is Ola Electric raising more money in 2026?
Yes. It raised ~$90.5 million (₹780 crore) through a QIP in June 2026, its board approved raising up to $174 million (₹1,500 crore) in September 2026, and on 28 September 2026 it approved a rights issue of up to $116 million (₹1,000 crore) in which Bhavish Aggarwal plans to participate.
What is Ola Electric's market cap?
With shares trading around ₹37 in late September 2026, Ola Electric's market capitalisation was roughly ₹17,000 crore (about $1.9 billion), well below its post-IPO peak.
What is Ola Electric's capital expenditure allocation for its battery Gigafactory?
Ola Electric has allocated over ₹1,200 crore to ₹1,500 crore of its IPO proceeds toward expanding its battery cell Gigafactory in Tamil Nadu from 1.4 GWh to 5 GWh, with an ultimate target of 20 GWh to power both two-wheelers and future commercial products.
What is Ola Electric's roadmap toward achieving positive EBITDA and operating profitability?
Ola Electric aims to achieve EBITDA breakeven by ramping vertical integration of motors, frames, and battery packs, scaling high-margin electric motorcycle sales (Roadster series), and lowering warranty service costs through improved build quality.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Ola Electric Revenue & Financials." CorpDigest, https://corpdigest.com/company/ola-electric/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Ola Electric reported ~$261.3M in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/ola-electric/financials" target="_blank" rel="noopener">CorpDigest — Ola Electric financials</a></div>Related Financial Audits
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