Ola Electric Achieves Positive Cash Flow and Plans to Double Orders
Ola Electric's cash flow turns positive, eyes doubling of orders

Image: Asianet Newsable
Ola Electric, based in Bengaluru, India, reported a positive operating cash flow of ₹91 crore for Q4 FY26, marking a significant turnaround. The company anticipates nearly doubling its orders to approximately 45,000 units in Q1 FY27, driven by improved service operations and sales recovery.
- 01Ola Electric's consolidated revenue for Q4 FY26 was ₹265 crore, with total annual revenue of ₹2,253 crore.
- 02The company delivered 20,256 units in Q4 FY26 and 173,794 units for the entire financial year.
- 03Ola Electric's gross margin improved to 38.5% in Q4 FY26, up from 34.3% in Q3 FY26.
- 04Operating expenses decreased from ₹844 crore in Q4 FY25 to ₹428 crore in Q4 FY26, with expectations to drop further.
- 05The average service turnaround time improved by 88%, from nine days in October 2025 to nearly one day in March 2026.
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Ola Electric, the Bengaluru-based electric vehicle manufacturer, reported a positive operating cash flow of ₹91 crore for the January-March quarter of FY26, marking its first positive cash flow quarter. The company anticipates a significant increase in orders, projecting nearly 45,000 units in Q1 FY27, driven by enhanced service operations and a recovery in sales momentum. For the full financial year, Ola Electric achieved consolidated revenue of ₹2,253 crore, with ₹265 crore reported in Q4 FY26 alone. The company delivered 20,256 units in the last quarter and 173,794 units throughout the year. Gross margins also saw a notable improvement, rising to 38.5% in Q4 FY26 from 34.3% in Q3 FY26. Ola Electric has successfully reduced its operating expenses significantly, with expectations to lower them further in the upcoming quarters. The company has also made strides in its battery cell manufacturing, with plans for commercialization by the end of the current quarter.
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The positive cash flow and anticipated order increase could lead to more job opportunities and economic growth in the electric vehicle sector in India.
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