Auditor flags questionable ₹57 cr PLI penalty reversal as Ola trims Q1 loss
Ola Electric’s statutory auditor BSR & Co. issued a qualified conclusion, saying the company could not justify reversing a ₹57 crore provision for potential penalties under the government’s battery‑cell PLI scheme without a formal waiver. The reversal slashed the Q1 FY27 loss to ₹3,360 crore, but the audit note has spooked investors and may trigger regulatory review.