Ola Electric jumps 9% to Rs 38.09 ahead of Q4 board meet, eyes cell supply deal
Stock rallied 9% to Rs 38.09 before the rescheduled May 20 Q4 board meeting. Q3 loss narrowed to Rs 487 cr even as revenue slid 55% to Rs 470 cr. Talks underway to supply cells from the 6 GWh Krishnagiri gigafactory operated by Ola Cell Technologies.
What happened
Ola Electric shares jumped 9% to Rs 38.09 ahead of rescheduled Q4 board meeting on May 20. Q3 net loss narrowed to Rs 487 cr; revenue fell 55% to Rs 470 cr.
Key facts
- 9%
- Rs 38.09
- Rs 16,399 crore
- Rs 487 crore loss Q3
- Rs 470 crore revenue Q3
- 55.02% revenue decline
- 32,680 units
- 6 GWh
Why this matters
The Krishnagiri 6 GWh cell-supply talks open a B2B revenue lane that could rerate Ola Electric beyond pure 2W OEM exposure if a credible offtake partner is locked in.