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Ola Electric Posts First Adjusted EBITDA-Positive Quarter in Q4 FY26

By , News Editor5 min read
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Ola Electric posts first adjusted EBITDA positive quarter Q4 FY26

Ola Electric has reported its first adjusted EBITDA-positive quarter in Q4 FY26, with revenue of ₹2,150 crore and improving auto-segment gross margins, sending the stock up 14% intraday.

Key Facts

Key facts: Ola Electric Posts First Adjusted EBITDA-Positive Quarter in Q4 FY26
DetailValue
Deal size₹2,150 crore
SectorOla Electric
CoverageStartup News

Ola Electric has reported its first adjusted EBITDA-positive quarter in Q4 FY26, marking a key inflection point for India's largest pure-play EV two-wheeler maker.


Q4 FY26 Snapshot


  • Revenue: ₹2,150 crore (up 32% YoY)
  • Auto-segment gross margin: 22.4% (up from 14.8% YoY)
  • Adjusted EBITDA: ₹45 crore (vs. loss of ₹290 crore YoY)
  • Net loss: ₹120 crore (vs. ₹520 crore YoY)
  • Deliveries: 142,000 units

  • What Drove the Turnaround


  • Cell costs: First quarter with in-house 4680 Bharat Cells deployed in the new Gen-3 platform
  • Distribution: 1,050+ company-owned stores live; servicing capacity doubled YoY
  • Premium mix: Roadster motorcycle line contributing ~12% of revenue at materially higher margins

  • Full-Year FY26


  • Revenue: ₹7,800 crore (up 28% YoY)
  • Adjusted EBITDA margin: -3.2% (vs. -22% in FY25)
  • Path to full-year EBITDA breakeven: Targeted for H2 FY27

  • Market Reaction


    The stock closed up 14% on the BSE following the results call, with analysts upgrading FY27 EBITDA estimates by 18–22% on average. A separate $150 million debt + strategic equity tranche is being negotiated with a sovereign fund.

    ola electricevresultsprofitabilitytwo-wheelerq4 fy26

    Reported by Ananya Raghavan. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.

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