Ola Electric delivers 34% gross margin in Q3; executes structural reset to lower break-even
The Hindu
Ola Electric reports a 34% gross margin in Q3, implementing a structural reset for sustainable growth amid the evolving EV market.
Ola Electric on Friday (February 13, 2026) said its consolidated revenue from operations stood at ₹470 crore, with total deliveries of 32,680 units in the third quarter ended December 31, 2025.
The Bengaluru-based firm said the quarter marks a structural reset for the company, as it realigned its retail footprint, cost structure, and operating model to a sustainable steady state amid slower EV penetration growth and the need to strengthen service execution.
The company delivered a record consolidated gross margin of 34.3%, expanding 15.7% points year on year and 3.4% points quarter on quarter, reflecting the structural advantages of its vertically integrated model, Gen 3 platform economics, and disciplined execution, it added.
“Q3 FY26 marks a structural reset for Ola Electric. We chose to fix the fundamentals by restoring service execution, resetting our cost structure, and deepening vertical integration. The result is a leaner operating model with materially lower break-even and industry-leading gross margins,” a company spokesperson stated.
With service metrics stabilising and the manufacturing facility transitioning into commercial scale deployment, the company is positioned to enter the next phase of growth with significantly improved operating leverage, the spokesperson added.
The company said it has undertaken a comprehensive transformation of its operations through store and service network optimisation and AI-led automation.
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