Subject: Ola Electric Mobility Q1 FY27 Earnings Update: Sequential Volume Recovery and Narrowing Losses Amid Top-Line Moderation

Key Financial Highlights (Q1 FY27 vs. Q1 FY26) Net Profitability: Net loss narrowed significantly to ₹336 crore, a marked improvement from a net loss of ₹426 crore in the corresponding quarter of the previous year. Revenue from Operations: Top-line revenue declined by 45% YoY to ₹455 crore, down from ₹828 crore in the year-ago period. Operating Performance (EBITDA): The company recorded an EBITDA loss of ₹165 crore, demonstrating improved cost management compared to an EBITDA deficit of ₹237 crore a year earlier. Operational Milestones & Volume Metrics Sequential Growth in Registrations: VAHAN registrations surged to 43,719 units in Q1 FY27, representing a robust sequential jump of approximately 97% from the 22,252 units recorded in Q4 FY26. Monthly Run-Rate: June marked the strongest monthly performance in recent quarters, with registrations reaching 16,144 vehicles. Strategic Outlook & Industry Tailwinds The company reaffirmed its strategic focus on expanding electric vehicle adoption by leveraging its vertically integrated manufacturing platform, proprietary battery technology, and direct-to-customer distribution network. Management highlighted structural growth drivers in India's EV two-wheeler market, citing an increasing consumer preference for electric mobility, highly favorable ownership economics compared to internal combustion engine (ICE) vehicles, and rising awareness regarding energy security. Market Reaction Ahead of the earnings announcement, shares of Ola Electric Mobility closed marginally lower by 0.92% at ₹41.07 on the BSE. For investors, the quarter presents a transitional picture: while revenue remains below historical peaks, the narrowing of losses and robust sequential momentum in registrations reinforce the company's strengthening market position and operational recovery.