Bhavish Aggarwal-led Ola Electrical mentioned FY26 was a “reset yr” as the corporate sought to stabilise operations, enhance margins and rebuild buyer confidence after a tough yr marked by slowing gross sales and regulatory scrutiny.

The Bengaluru-based electric vehicle maker reported consolidated income from operations of Rs 265 crore within the fourth quarter ended 31 March 2026, down sharply from Rs 611 crore in the same period a year earlier. Full-year income stood at Rs 2,253 crore.

Quarterly deliveries fell to twenty,256 items in This autumn FY26, in contrast with 32,680 items within the earlier quarter and 68,192 items in Q1 FY26.

Regardless of weaker gross sales, Ola Electric mentioned it achieved its first working money circulate optimistic quarter. Consolidated working money circulate stood at Rs 91 crore in This autumn FY26, helped by production-linked incentive inflows, improved gross margins, decrease working bills and tighter working capital controls.

The corporate’s consolidated gross margin rose to 38.5% within the quarter, up from 13.7% a yr earlier, whereas working bills additionally decreased considerably to Rs 428 crore in This autumn FY26 from Rs 844 crore in the identical quarter final yr.

An Ola Electrical spokesperson mentioned: “FY26 was a reset yr for Ola Electrical. We strengthened the basics of the enterprise throughout service, product high quality, gross margins, working prices, money self-discipline, gross sales productiveness, and cell manufacturing.”

The spokesperson added that the most recent quarter confirmed “the reset working”, with service stabilising, gross margins enhancing and gross sales starting to get well.

Ola Electrical mentioned service metrics had improved considerably after being a significant supply of concern via a lot of FY26. Common service turnaround time decreased from round 9 days in October 2025 to just about at some point by March 2026, whereas same-day closures improved to just about 87%.

It mentioned the electrical bike market had grown quickly in latest months and that it now had a 50% market share within the section. Bikes contributed 15% of gross orders in April, supported by fashions providing as much as 500 km licensed vary.

The corporate’s battery manufacturing enterprise continued to stay small throughout the quarter, producing income of solely Rs 4 crore.

Nevertheless, Ola Electrical mentioned its “Bharat Cell” programme was shifting from validation to business scale, with its gigafactory at present working at 2.5 GWh capability and growth to six GWh nearing completion.

For the total monetary yr, Ola Electrical reported a internet lack of Rs 1,833 crore. Quarterly losses narrowed to Rs 500 crore in This autumn FY26 from Rs 870 crore a yr earlier, helped by decrease spending and value reductions.

The corporate’s newest monetary disclosures additionally highlighted stress on its funds. Working money circulate for the total yr remained damaging at Rs 775 crore.

Ola Electrical mentioned it was making ready to lift extra funds via a certified institutional placement after reallocating a part of its IPO proceeds to enhance liquidity.