Latest news with #Gen-3
Time of India
14-07-2025
- Automotive
- Time of India
Ola Electric sets ₹4,700 cr revenue goal for FY26 amid mounting challenges
Bhavish Aggarwal-led Ola Electric , currently grappling with a multifaceted crisis—weak financials, regulatory scrutiny, service backlash, and intensifying competition—has set a revenue target of ₹4,200–4,700 crore for FY26 and expects to avail PLI benefits in the second quarter of the fiscal year. The electric two-wheeler manufacturer reported a 23 per cent year-on-year increase in its net loss to ₹428 crore for the June 2025 quarter, along with a nearly 50 per cent drop in revenue to ₹828 crore, marking a challenging period for the company that once led the market. Aiming high for Q2 Despite the Q1 downturn, the Bengaluru-based company remains optimistic about a stronger Q2 performance. In its letter to shareholders, Ola cited multiple drivers for this expected turnaround. The company aims to secure PLI (Production Linked Incentive) benefits in the current quarter, which it expects will help lift its exit gross margin (GM) for FY26 to around 35–40 per cent. 'Q1 Auto GM of 25.6 per cent was largely without PLI, and Q2 onwards, we should get the PLI benefit too. With operating costs largely flat, auto EBITDA should be 5 per cent+ for the whole year,' Ola stated. Sales recovery & festive boost In Q1 FY26, Ola sold 68,192 units. It aims to close the fiscal with sales volumes between 3,25,000 and 3,75,000 vehicles, largely driven by the upcoming festive season launch of its Gen-3 scooters and Roadster bikes. However, recent media reports have added concerns. The Maharashtra government has reportedly ordered the shutdown of nearly 90 per cent of Ola's 450 showrooms in the state, due to lack of permits to store vehicles—a move that could potentially dampen sales momentum. The company expects auto EBITDA to turn positive in Q2 and aims for operating cash flow generation from the auto business later in FY26. It has outlined a CAPEX of ₹300 crore for the remainder of the fiscal (including capitalised R&D). 'Our supply chain, engineering, and manufacturing teams continue to improve our product quality and BOM (Bill of Materials) cost, and these benefits should reflect in the P&L throughout the year,' the company said. Ola clarified that it does not plan any major new product or manufacturing CAPEX this year. It expects Free Cash Flow (FCF) requirement for the auto business to be ₹400–500 crore for the remaining three quarters and hopes to turn FCF-positive by the end of FY26. The company also reassured stakeholders that it is well-funded for the current and next fiscal year, with a cash balance of ₹3,197 crore as of the end of June 2025.
Time of India
14-07-2025
- Automotive
- Time of India
Ola Electric Q1FY26 preview: Here's what you can expect
Shares of Ola Electric will be in focus on Friday as the electric two-wheeler maker is expected to report another weak quarterly performance for the April-June period (Q1FY26), with both losses and sales likely to worsen due to a significant decline in vehicle volumes, reports ETMarkets . According to estimates by Kotak Institutional Equities, Ola Electric's adjusted net loss for the quarter is likely to widen to ₹459 crore, up from ₹324 crore in Q1FY25 and ₹374 crore in the preceding March quarter. Revenue is projected at ₹685 crore, marking a sharp 58 per cent year-on-year drop and a 27 per cent decline quarter-on-quarter. Sharp Decline in Sales and Margins The brokerage expects Ola's Q1 volumes to fall 52 per cent year-on-year to 60,000 units, and by 20 per cent on a sequential basis. This drop in volume, coupled with lower average selling prices (ASPs) due to a higher mix of mass-market electric scooters, is expected to hit revenue and profitability hard. EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) losses are pegged at ₹289 crore, widening from ₹205 crore in Q1FY25 and ₹264 crore in Q4FY25. Margins are also expected to contract to -42 per cent, compared to -12.5 per cent in the same period last year and -28.3 per cent in Q4FY25. Stock Under Pressure Ola Electric's stock has remained under pressure since its disappointing Q4FY25 results, where it reported a net loss of ₹870 crore and a 62 per cent drop in revenue to ₹611 crore. Vehicle deliveries in that quarter fell to 51,375 units from 1.15 lakh a year ago. Despite some improvement in gross margins to 19.2 per cent—driven by higher adoption of the Gen-3 platform—the company's auto segment EBITDA margin slipped to -78.6 per cent, and its consolidated EBITDA margin stood at a steep -101.4 per cent. For FY25, Ola delivered 3.59 lakh vehicles (up from 3.29 lakh in FY24) and recorded an adjusted revenue of ₹4,665 crore. However, the full-year EBITDA margin remained negative at -34.6 per cent. Drumil Vithlani, Technical Research Analyst at Bonanza Portfolio, said the stock is trading at an all-time low and exhibits a bearish setup, with the Relative Strength Index (RSI) below 30—indicating oversold territory. 'Unless the stock reclaims ₹45, any recovery should be viewed as a selling opportunity, with a downside target of ₹38,' he said.
Time of India
14-07-2025
- Automotive
- Time of India
Ola Electric to announce Q1FY26 results today. Here's what to expect
Shares of Electric two-wheeler maker Ola Electric will be in focus today as the company will announce its Q1FY26 earnings. It is expected to report another weak quarter with its April-June quarter losses widening to on the year-on-year and quarter-on-quarter basis. Companies sales are also expected to fall in double digits as a result of significant fall in volumes. Domestic brokerage Kotak Institutional Equities has estimated an adjusted net loss at Rs 459 crore in Q1FY26 versus Rs 324 crore in Q1FY25 and Rs 374 crore in Q4FY25. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo The company's revenue is estimated at Rs 685 crore in the quarter under review which could fall by 58% on a YoY basis and by 27% on a sequential basis, Kotak's preview note said. The volumes are expected to fall 52% to 60,000 units in the quarter ended June 30, 2025 on a YoY basis while declining by 20% over the January-March quarter of FY25. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) is pegged at a negative Rs 289 crore, widening from the losses of Rs 205 crore in Q1FY25 and Rs 264 crore in Q4FY25. Meanwhile, the margins are likely to fall by over 42% in Q1FY26 versus 12.5% in Q1FY25 and 28.3% in Q4FY25. Live Events Kotak has attributed the revenue losses to decline in volumes and decline in ASPs (average selling price) due to higher mix of mass market EV scooters. The stock of Ola Electric has been under pressure following a disappointing Q4 performance. The company had reported a net loss of Rs 870 crore in the March quarter—more than double the Rs 416 crore loss from a year earlier. Revenue from operations declined 62% year-on-year to Rs 611 crore, as vehicle deliveries dropped to 51,375 units from 1.15 lakh. EBITDA margins also took a hit, with the auto segment margin falling to -78.6% from -9.3% and consolidated EBITDA margin worsening to -101.4%. However, gross margins improved to 19.2%, aided by higher adoption of the Gen-3 platform, which offers better performance at lower costs. For the full year, Ola Electric delivered 3.59 lakh vehicles, up from 3.29 lakh in FY24. Adjusted revenue for FY25 stood at Rs 4,665 crore, with a consolidated EBITDA margin of -34.6%. Drumil Vithlani, Technical Research Analyst at Bonanza, said, 'Ola Electric is trading at an all-time low with strong volume support, confirming a bearish setup. The RSI is below 30, indicating oversold territory. While a short-term bounce can't be ruled out, the broader trend remains negative unless the stock reclaims Rs 45. Any recovery should be viewed as a selling opportunity, with a downside target of Rs 38'. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Yahoo
08-07-2025
- Business
- Yahoo
BlackSky Signs Gen-3 Early Access Agreement With Current Gen-2 Customer in Support of Ukraine
Renewal contract demonstrates valuable tip-and-cue utility of combined Gen-3 very high-resolution imagery and Gen-2 low-latency, high-cadence monitoring capabilities HERNDON, Va., July 08, 2025--(BUSINESS WIRE)--BlackSky Technology Inc. (NYSE: BKSY) signed a Gen-3 early access agreement with a current international Gen-2 customer in support of Ukraine. The renewal contract adds Gen-3 very high-resolution imagery to the customer's active Gen-2 low-latency, high-cadence monitoring services. "This important contract demonstrates the powerful, comprehensive tip-and-cue utility between our Gen-3 and Gen-2 systems. The two generations of satellites work synergistically as analysts seamlessly combine reliable high-cadence, time-diverse Gen-2 data with the enhanced very high-resolution capabilities of Gen-3," said Brian O'Toole, BlackSky CEO. Customers can incorporate Gen-3 and Gen-2 data seamlessly into their current workflow through BlackSky's Spectra® tasking and analytics platform, enabling sustained monitoring operations over multiple locations using Gen-2 high-cadence imagery and analytics. Analysts have the option to collect low-latency very high-resolution Gen-3 imagery in response to localized, rapidly emerging situations. "Accelerated international interest in Gen-3 is indicative of our customers' growing confidence and trust in BlackSky's commercial services as an integral part of their daily military and intelligence operations," said O'Toole. "As we integrate more and more Gen-3 satellites into the fleet our early access customers will experience unparalleled reliability and quality of imagery at industry-leading speeds in support of the full range of strategic to tactical ISR operations." The proven on-orbit operational and technical heritage of Gen-2 has been leveraged into the design and operations of Gen-3. Gen-3 satellites generate rapid-revisit, time diverse 35-centimeter imagery that enables automated identification and classification of a wider library of vehicles, aircraft, vessels and other objects of military interest, enhancing the value of BlackSky's current Gen-2 dawn-to-dusk dynamic monitoring services. With two Gen-3 satellites on orbit, BlackSky is on track for a six-satellite Gen-3 constellation this year. About BlackSky BlackSky is a real-time, space-based intelligence company that delivers on-demand, high frequency imagery, analytics, and high-frequency monitoring of the most critical and strategic locations, economic assets, and events in the world. BlackSky owns and operates one of the industry's most advanced, purpose-built commercial, real-time intelligence systems that combines the power of the BlackSky Spectra® tasking and analytics software platform and our proprietary low earth orbit satellite constellation. With BlackSky, customers can see, understand and anticipate changes for a decisive strategic advantage at the tactical edge, and act not just fast, but first. BlackSky is trusted by some of the most demanding U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY. To learn more, visit and follow us on X. Forward-Looking Statements Certain statements in this press release may contain forward-looking statements within the meaning of the federal securities laws with respect to BlackSky. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect our expectations, plans, or forecasts of future events and views as of the date of this communication. We anticipate that subsequent events and developments will cause their assessments to change. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Additional risks and uncertainties are identified and discussed in BlackSky's disclosure materials filed from time to time with the SEC which are available at the SEC's website at or on BlackSky's Investor Relations website at View source version on Contacts Investor Contact Aly BonillaVP, Investor Relationsabonilla@ Media Contact Pauly CabellonSr. Director, External Communicationsbksypr@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
08-07-2025
- Business
- Business Wire
BlackSky Signs Gen-3 Early Access Agreement With Current Gen-2 Customer in Support of Ukraine
HERNDON, Va.--(BUSINESS WIRE)--BlackSky Technology Inc. (NYSE: BKSY) signed a Gen-3 early access agreement with a current international Gen-2 customer in support of Ukraine. The renewal contract adds Gen-3 very high-resolution imagery to the customer's active Gen-2 low-latency, high-cadence monitoring services. This important contract demonstrates the powerful, comprehensive tip-and-cue utility between our Gen-3 and Gen-2 systems. 'This important contract demonstrates the powerful, comprehensive tip-and-cue utility between our Gen-3 and Gen-2 systems. The two generations of satellites work synergistically as analysts seamlessly combine reliable high-cadence, time-diverse Gen-2 data with the enhanced very high-resolution capabilities of Gen-3,' said Brian O'Toole, BlackSky CEO. Customers can incorporate Gen-3 and Gen-2 data seamlessly into their current workflow through BlackSky's Spectra ® tasking and analytics platform, enabling sustained monitoring operations over multiple locations using Gen-2 high-cadence imagery and analytics. Analysts have the option to collect low-latency very high-resolution Gen-3 imagery in response to localized, rapidly emerging situations. 'Accelerated international interest in Gen-3 is indicative of our customers' growing confidence and trust in BlackSky's commercial services as an integral part of their daily military and intelligence operations,' said O'Toole. 'As we integrate more and more Gen-3 satellites into the fleet our early access customers will experience unparalleled reliability and quality of imagery at industry-leading speeds in support of the full range of strategic to tactical ISR operations.' The proven on-orbit operational and technical heritage of Gen-2 has been leveraged into the design and operations of Gen-3. Gen-3 satellites generate rapid-revisit, time diverse 35-centimeter imagery that enables automated identification and classification of a wider library of vehicles, aircraft, vessels and other objects of military interest, enhancing the value of BlackSky's current Gen-2 dawn-to-dusk dynamic monitoring services. With two Gen-3 satellites on orbit, BlackSky is on track for a six-satellite Gen-3 constellation this year. About BlackSky BlackSky is a real-time, space-based intelligence company that delivers on-demand, high frequency imagery, analytics, and high-frequency monitoring of the most critical and strategic locations, economic assets, and events in the world. BlackSky owns and operates one of the industry's most advanced, purpose-built commercial, real-time intelligence systems that combines the power of the BlackSky Spectra ® tasking and analytics software platform and our proprietary low earth orbit satellite constellation. With BlackSky, customers can see, understand and anticipate changes for a decisive strategic advantage at the tactical edge, and act not just fast, but first. BlackSky is trusted by some of the most demanding U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY. To learn more, visit and follow us on X. Forward-Looking Statements Certain statements in this press release may contain forward-looking statements within the meaning of the federal securities laws with respect to BlackSky. These forward-looking statements generally are identified by the words 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result,' and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect our expectations, plans, or forecasts of future events and views as of the date of this communication. We anticipate that subsequent events and developments will cause their assessments to change. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Additional risks and uncertainties are identified and discussed in BlackSky's disclosure materials filed from time to time with the SEC which are available at the SEC's website at or on BlackSky's Investor Relations website at
