Ola Electric Mobility Limited
5,037words
5turns
0analyst exchanges
0executives
Key numbers — 40 extracted
25.6%
11.6%
28.6%
rs,
20%
18.4%
6.8%
18.5%
21.0%
186%
32.4%
13.8%
Guidance — 20 items
SUBJECT
opening
“140, Industrial Layout, Koramangala, Bengaluru – 560095, Karnataka, India | Landline: 080-35440050 | companysecretary@olaelectric.com | www.olaelectric.com OLAELECTRIC SHAREHOLDERS' LETTER Q1 FY26 | JULY 14, 2025 ROADSTER BIKE OF THE FUTURE Headline KPIs?”
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“Since our Q1 guidance was based on Adj revene, you can refer to Q1 metrics with that definition in Appendix 1.”
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“Our FY26 exit target is to have our GM in the range of 35-40% with PLI benefits, which will be around 40,000 - 345,000 per vehicle.”
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opening
“There is more room to optimise opex over the coming quarters and we will be targeting bringing this down further to ~%130 Cr a month (iso-volume) through FY26.”
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opening
“Even with doubling the volume, consolidated opex at FY26 exit should remain around I150 Cr a month While profitability is improving, another major highlight is cashflow.”
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opening
“Most of these gains are structural and will continue to benefit us through FY26 We expect our operating cashflow of the auto business to turn positive later in this year.”
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“Our auto business has very low sustenance capex and most of capex will be R&D followed by minimal growth capex.”
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“Unallocated costs are stable around 90 Cr a quarter and will slowly reduce over FY26.”
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“Our cell project is still in the investment phase and more details are covered later in the document.”
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opening
“We see both the attachment rate and price of MoveOS+ continuing to increase over the coming quarters with the ramp up of MoveOS 5 this year and MoveOS 6 next year 2 Registrations in Q1FY26 were ~60k while deliveries were ~68k.”
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Risks & concerns — 4 flagged
OLAELECTRIC 4 Warranty explanation One particular area of concern in our conversations with investors has been warranty costs.
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Some key updates Rare Earth Risk Management Rare earth risk is a major long term risk for auto OEMs.
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These motors ensure no business continuity risk, are parity in performance and save money as rare earth magnets are costly.
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While we have these targets, there are many macro elements on supply chain risk, competition and other operational complexities which can make us change our plans a bit.
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Speaking time
4
1
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Opening remarks
SUBJECT
ANALYST/INVESTORS. INVESTOR PRESENTATION OF THE EARNINGS CONFERENCE CALL WITH Dear Sir/ Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and in continuation to our earlier intimation letter dated July 08, 2025, we are enclosing herewith a copy of the Investor Presentation on the unaudited Financial Results (Consolidated and Standalone) of the Company for the first quarter ended June 30, 2025. This intimation will also be made available on the website of the Company and can be accessed using the below link: https://www.olaelectric.com/investor-relations/announcements. We request you to take the above on your record. Thanking You, Yours faithfully, For and on behalf of OLA ELECTRIC MOBILITY LIMITED Harish Abichandani Chief Financial Officer Place: Bengaluru Registered Address: Wing C, Prestige RMZ Startech, Hosur Road, Municipal Ward No.67, Municipal No. 140, Ind
Notes
1. Research and Development expenses shown above does not include items capitalized as ITUD. 2. Selling, general administrative expenses include advertisement, marketing, salaries, travel and all stores admin expenses 3. Depreciation is included under other income (expense) line. OLAELECTRIC 17 Ola Electric Mobility Profit and Loss Statement - Cell Q1FY25 Q2FY25 Q3FY25 Q4FY25 QLFY26 In ZCr Revenues Cell Sales Production linked incentive Total Cell Revenue Cost of goods sold Cell Total Cost of Goods Sold Gross Profit Operating Expenses Research and development Selling, general and administrative Others Total Operating expenses EBITDA Interest Income Interest Expense Other income (expense), net Profit / (Loss) Before Tax Provision for taxes Profit / (Loss) After Tax Profit / (Loss) Attributable to Common Stockholders 20 22 (20) 12 18 (18) 10 5) 15 13 (37) (37) (37) (26) (49) (49) (49) 27 (32) 24 (20) (24) (52) (52) (52) 24 32 (29) 25 (26) (23) (53) (53) (53) 13 31 a5 (43) 24 (26) (24) (6
Notes
1. Research and Development expenses shown above does not include items capitalized as ITUD. 2. Selling, general administrative expenses includes admin expenses 3. Depreciation is included under other income (expense) line. OLAELECTRIC Ola Electric Mobility Profit and Loss Statement - Consolidated In ZCr Revenues Q1FY25 Q2FY25 Q3FY25 Q4FY25 QLFY26 Auto and Cell Sales 1,516 1137 924 548 808 Production linked incentive 128 121 63 20 Total Revenue Cost of goods sold Auto and Cell 1644 1214 1,045 611 828 1,341 989 851 527 614 Total Cost of Goods Sold 1,341 989 527 614 Gross Profit Operating Expenses Research and development Selling, general and administrative Others Total Operating expenses EBITDA Interest Income Interest Expense Other income (expense), net Profit / (Loss) Before Tax Provision for taxes Profit / (Loss) After Tax Profit / (Loss) Attributable to Common Stockholders 303 225 194 214 15 87 406 508 a1 16 447 604 29 139 486 654 42 154 583 779 59 103 289 451 (205) (379) (460) (695
Notes
1. Research and Development expenses shown above does not include items capitalized as ITUD. 2. Selling, general administrative expenses include advertisement, marketing, salaries, travel and all stores admin expenses 3. Depreciation is included under other income (expense) line. OLAELECTRIC 19 Consolidated Statement of Cash flows In Zcr Q1FY25 Q2FY25 Q3FY25 Q4FY25 QLFY26 Cash flows from operating activities Profit / (Loss) After Tax (PAT) (347) (495) (564) (870) (428) Adjustments to reconcile PAT to net cash used in operating activities: Depreciation and amortization 125 133 138 170 165 ESOPs Finance costs, interestincome and others, Net 2 45 14 16 (12) (16) 1 46 Change in working capital (470) (326) (363) 352 19 45 56 Net cash used in operating activities (A) (625) (658) (817) (291) (143) Cash flows from Investing activities Capital expenditures (B1) (210 (207) (225) (334) (139) Free cash flows after capital expenditures (A+B1) (835) (865) (1,042) (625) (282) Interest received on dep
Notes
1. Research and Development expenses shown above does not include items capitalized as ITUD. 2. Selling, general administrative expenses include advertisement, marketing, salaries, travel and all stores admin expenses 3. Depreciation is included under other income (expense) line. OLAELECTRIC 20 Photographs | Q1 FY26 Highlights Started Production of Roadster X | April 2025 OLAELECTRIC Roadster X Deliveries Begin | May 2025 OLAELECTRIC 2 MoveOS 5 Mass Roll-out | June 2025 BIVMODE - 94. 161 128 113 90 5 650 m Turn left onto 5th Main Road, 4th 8lack \ } Ac ENTS WiFi Bluetooth Dark Mode -corence 7.2 km - 2nd Cross Rd, HSR Layout, Bengaluru DisTANCE 9621 km 06:00 am to 01:00pm 0000 12, ¥ & sa vocs rsta l L) A e Mood Sound ~ Safety Lights All Settings > o e Zous detected a tamper & © ® & & @ wonersa 18,280 sogor O tm ToRQUE 23um TP OLAELECTRIC OLA GIGAFACTORY OLA FUTUREFACTORY OLAELECTRIC 2 Appendix Appendix 1: Q1FY26 vs. Guidance Adj Revenue Deliveries Gross Margin Auto EBITDA Margin Consoli
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