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Ola Electric Profit Push Must Be Followed by Better Volumes
Mint Bangalore
|July 16, 2025
Slipping grip
Ola Electric Mobility Ltd's stock jumped 11% in the past two days after its June quarter (QIFY26) results showed signs 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.
QIFY26 consolidated revenues rose 35.5% sequentially to ₹828 crore, while deliveries climbed 32.7%. Gross margin rose to 25.8% 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% in QIFY26.
This story is from the July 16, 2025 edition of Mint Bangalore.
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