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OLAELEC Ola Electric Mobility News Story

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Brief: Ola Electric Says Q4 Was A Low Volume Quarter, But It Also Showed The Reset Working

May 20 (Reuters) - Ola Electric Mobility Ltd OLAE.NS:

OLA ELECTRIC - Q4 WAS A LOW VOLUME QUARTER, BUT IT ALSO SHOWED THE RESET WORKING

OLA ELECTRIC - EXPECT OPEX TO REDUCE FURTHER TOWARDS 3.5 BILLION RUPEES PER QUARTER OVER NEXT COUPLE QUARTERS

OLA ELECTRIC - EXPECT Q1 FY27 ORDERS TO BE 40,000 - 45,000 UNITS

OLA ELECTRIC- DUE TO CURRENT GEOPOLITICAL UNCERTAINTIES, GROSS MARGINS MAY MODERATE IN Q1 AND Q2 FY27 DUE TO COMMODITY INFLATION

OLA ELECTRIC- PLAN TO EXPAND GIGAFACTORY TO 20 GWH BY EARLY NEXT YEAR THROUGH CAPITAL RAISE AT CELL ENTITY LEVEL

OLA ELECTRIC - AS SALES RECOVERED, NETWORK FREE INVENTORY REDUCED TO ONLY 3-4 DAYS OF SALES; NOW  RUNNING ORDER BACKLOG

OLA ELECTRIC- DO NOT EXPECT MEANINGFUL INCREMENTAL AUTO CAPEX IN FY27

Source text: ID:nBSE3Pp7kV

Further company coverage: OLAE.NS

 ((Reuters.Briefs@thomsonreuters.com;))

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