OLAELEC Q1 FY27 Guidance vs Delivery (OLAELEC Management Mirror)

Q1 FY27 Revenue Reported at 455 Crores, Against 500-550 Crores Prior Guidance; Growth Restored Amid Shifting Product Mix

In the Dec'25 Qtr concall, management reported Q3 FY26 consolidated revenue of 470 crores. For Q1 FY27, management initially guided in the Mar'26 Qtr concall for consolidated revenue of 500 to 550 crores and 40,000 to 45,000 orders. In the Jun'26 Qtr, the company reported Q1 FY27 consolidated revenue of 455 crores, below the prior guidance range, with automotive revenue growing 72% sequentially. The company delivered approximately 39,200 units and reached approximately 44,000 orders. The quarter saw a sharp sequential decline in Average Selling Price (ASP), largely driven by product mix, though management noted improvement post-Q1'27 as the premium business resumes growth and motorcycle sales expand.