Ola Electric Mobility Limited announced its Q3 FY26 results for the quarter ended December 31, 2025, through an official press release dated February 13, 2026, submitted to NSE and BSE under Regulation 33. The company delivered a record consolidated gross margin of 34.3% while executing a comprehensive structural reset focused on sustainable profitability over volume growth.

Financial Performance Reflects Strategic Transformation

The company's consolidated financial results demonstrated the impact of its strategic realignment, with significant margin expansion offsetting revenue decline. The quarter marked a deliberate shift toward operational efficiency and sustainable unit economics.

The record gross margin of 34.3% expanded 15.7 percentage points year-on-year and 3.4 percentage points quarter-on-quarter, driven by vertical integration benefits, Gen 3 platform economics, and PLI certification achievements. Management expects this margin leadership position to strengthen further as the company scales operations.

Delivery Volumes Show Strategic Realignment Impact

Vehicle deliveries reflected the company's strategic reset priorities, with total deliveries of 32,680 units in Q3 FY26 compared to 84,029 units in Q3 FY25. The decline was part of the planned operational restructuring to achieve sustainable profitability.

Despite lower volumes, the company maintained pricing discipline with average selling prices improving 15.3% year-on-year, supporting the overall margin expansion strategy.

Gigafactory Achieves Commercial Scale Production

The cell manufacturing division reached significant operational milestones, transitioning from pilot to commercial scale production. Cell production doubled quarter-on-quarter, marking the successful deployment of in-house 4680 Bharat cells into customer vehicles.

The Gigafactory currently operates at approximately 2.5 GWh installed capacity, with planned scale-up to 6 GWh by March 2026. The facility launched Ola Shakti, the company's first residential Battery Energy Storage System powered directly by Gigafactory output.

Structural Cost Reset Lowers Breakeven Threshold

Ola Electric implemented comprehensive operational restructuring, significantly reducing its cost base while preserving competitive advantages. The company reduced quarterly operating expenses from ₹840 crores at peak to ₹484 crores in Q3 FY26.

The restructuring focused on store and service network optimization, AI-led automation, and manufacturing efficiency improvements. Approximately 85-90% of consolidated operating expenses remain fixed, providing strong operating leverage as volumes recover.

Strategic Positioning for Market Recovery

Management outlined the company's positioning for the next growth phase, leveraging its ₹5,300 crore investment in manufacturing infrastructure and R&D capabilities. The structural advantages create a foundation for sustainable market leadership.

The company's vertically integrated model and technology platform deliver approximately 50% structural advantage on range-indexed-to-product-cost basis versus competition, with the transition to 4680 platform expected to enhance this advantage further.

Ola Electric Mobility has commenced deliveries of its Shakti 9.1kWh residential Battery Energy Storage System (BESS) in Bengaluru, marking a significant milestone as India's first domestically designed, engineered, and manufactured residential energy storage solution. The company announced on February 1, 2026, that deliveries of the 6kW/9.1kWh configuration have begun and will be scaled across India in the coming months.

BIS Certification Achievement

Ola Electric has secured Bureau of Indian Standards (BIS) certification for both variants of its Shakti system. The company received certification for the 3kW/5.2kWh configuration, following the earlier BIS certification for the 6kW/9.1kWh variant obtained on January 15, 2026.

The 3kW/5.2kWh variant underwent mandatory BIS certification covering extensive safety evaluations including short-circuit protection, overload protection, electric shock protection, environmental hazard protection, fire and thermal hazard protection, ingress protection, and wiring safety.

Product Specifications and Features

The Shakti system is powered by 4680 Bharat Cells and designed as a modern alternative to conventional lead-acid inverters and diesel generators. The system offers several advanced features that distinguish it from traditional energy storage solutions.

The system can power various appliances including air conditioners, refrigerators, induction cookers, farm pumps, and communication equipment. It provides backup capacity of up to 1.5 hours on full load with fast charging capabilities.

Pricing and Availability

Ola Electric has announced competitive pricing for both Shakti configurations, making residential energy storage accessible to Indian consumers.

The Shakti systems are available for purchase through the Ola Electric website and all Ola Electric retail stores across India. This distribution approach leverages the company's extensive direct-to-customer network.

Strategic Impact

According to an Ola Electric spokesperson, "With deliveries of Ola Shakti 9.1kWh now commencing, we are taking a significant step forward in bringing dependable and smart energy storage to Indian homes, farms, and businesses. Ola Shakti is more than a product - it is a cornerstone of India's journey toward energy self-reliance and a future driven by clean, decentralised, and on-demand power."

The launch of Shakti deliveries represents Ola Electric's expansion into the clean energy storage sector, complementing its electric vehicle manufacturing operations. The system is designed to transform energy storage and consumption patterns in India by providing automotive-grade safety and high-efficiency performance for residential and commercial applications.