Ola Electric Mobility Approves Audited Financial Results for FY2026
Ola Electric Mobility Limited announced that its Board of Directors approved and considered the audited Standalone and Consolidated Financial Results for the Fourth Quarter and the full Financial Year ended March 31, 2026, on May 20, 2026. The Company released the results alongside the respective audit reports from M/s. B S R & Co. LLP, Chartered Accountants.The Board meeting, which commenced at 02:45 PM IST, concluded at 03:15 PM IST.
Consolidated Financial Performance
The audited consolidated financial results detail the Group's performance for the year ended March 31, 2026, compared to the corresponding period in 2025.The total revenue from operations for the consolidated segment increased significantly, reaching 2,253 INR tnCro,o s: o.xe,ep/pe, compared to 4,514 INR tnCro,o s: o.xe,ep/pe in the year ended March 31, 2025.
Total Income (Consolidated) recorded 2,460 INR tnCro,o s: o.xe,ep/pe, a substantial increase from 4.932 INR tnCro,o s: o.xe,ep/pe for the previous year.
Financial Results Summary (Consolidated)
| Particulars | March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|
| Total Income | 2,460 INR tnCro,o s: o.xe,ep/pe | 4.932 INR tnCro,o s: o.xe,ep/pe |
| Total Expenses | 3,245 INR tnCro,o s: o.xe,ep/pe | 6,253 INR tnCro,o s: o.xe,ep/pe |
| Loss Before Tax | (1,829) INR tnCro,o s: o.xe,ep/pe | (2,276) INR tnCro,o s: o.xe,ep/pe |
| Loss for the Period/Year | (1,833) INR tnCro,o s: o.xe,ep/pe | (2,276) INR tnCro,o s: o.xe,ep/pe |
Balance Sheet Snapshot
As of March 31, 2026, the Group reported total assets of 7,788 (INR in Crores), compared to 11,075 (INR in Crores) at the end of the previous financial year.The company's equity stood at 3,351 (INR in Crores), reflecting a decrease from 5,143 (INR in Crores) in the prior year.
Consolidated Assets and Liabilities (March 31, 2026)
| Particulars | As at March 31, 2026 (INR in Crores) | As at March 31, 2025 (INR in Crores) |
|---|---|---|
| Total Assets | 7,788 | 11,075 |
| Current Assets | 3,251 | 6,661 |
| Non-Current Assets | 4,537 | 4,414 |
| Total Equity | 3,351 | 5,143 |
| Total Liabilities | 4,437 | 5,932 |
Cash Flow Analysis
The consolidated statement of cash flows for the year ended March 31, 2026, showed that net cash used in operating activities amounted to 10,421 INR lakhs. This was compared to 111,620 INR lakhs used in operating activities in the year ended March 31, 2025.Standalone Financial Update
In its standalone audited results for the year ended March 31, 2026, the company reported Total Income of 8,139 INR lakhs, compared to 19,540 INR lakhs for the prior year. The company also reported a net comprehensive loss of 15,083 INR lakhs for the year.Funding and IPO Proceeds
The company detailed the utilization of Initial Public Offering (IPO) proceeds totaling 5,275 INR crores. Management provided updates on the planned reallocation of these proceeds across various objectives.The original utilization plan included:
- Capital expenditure by Ola Cell Technologies Private Limited: 1,228 INR crores.
- Repayment of indebtedness by Ola Electric Technologies Private Limited: 800 INR crores.
- Investment into research and product development: 1,600 INR crores.
- Expenditure for organic growth initiatives: 350 INR crores.
- General corporate purpose: 1,297 INR crores.
Through the recent reallocation approved by shareholders, the planned expenditure for general corporate purposes increased to 1,374 INR crores.
Management Assessment and Audit Findings
M/s. B S R & Co. LLP, the statutory auditors, issued an unmodified audit opinion on both the consolidated and standalone annual financial results for the year ended March 31, 2026.Both sets of reports highlight that the Group/Company has conducted an assessment of its going concern assumption. Management stated that based on estimated future operating cash flows, the Group/Company believes it will continue as a going concern and be able to meet its liabilities as they fall due for payment in the foreseeable future.
For the year ended March 31, 2026, the consolidated segment information showed Total Segment Revenue from Operations standing at 2,265 INR crores, derived from the Automotive segment (20 INR crores) and the Cell segment (2,245 INR crores).
OLAELEC Stock Price Movement
Today, Ola Electric Mobility Limited shares edged higher to close at ₹37.07, marking an advance of 1.31% in post-market trading. The stock was active throughout the session, reporting a total volume of 85.74 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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