SynopsisAther Energy's revenue nearly doubled to Rs 1,217 crore in the June quarter. Net losses narrowed significantly to Rs 51 crore, showing improved financial performance. The company reported its first positive quarterly Ebitda of Rs 9 crore. Demand for Ather scooters continues to outpace production capacity significantly. Ather plans to introduce a new mass-segment scooter and expand manufacturing facilities.Electric two-wheeler (e2W) maker Ather Energy on Monday reported a strong showing, with revenues nearly doubling and losses narrowing. Its revenue from operations rose 89% year-on-year (YoY) to Rs 1,217 crore in the quarter ended June 30, from Rs 645 crore a year earlier. Net losses narrowed to Rs 51 crore, compared with Rs 178 crore in the corresponding quarter in the previous year, according to the company's regulatory filing.The company saidNow Playing
EV maker Ather Energy nearly doubles revenues, cuts losses by 71% - The Economic Times
Ather Energy's revenue nearly doubled to Rs 1,217 crore in the June quarter. Net losses narrowed significantly to Rs 51 crore, showing improved financial performance. The company reported its first positive quarterly Ebitda of Rs 9 crore. Demand for Ather scooters continues to outpace production capacity significantly. Ather plans to introduce a new mass-segment scooter and expand manufacturing facilities.
TL;DRAI
Ather Energy nearly doubled revenue (+89% to Rs 1,217 crore) and achieved its first positive EBITDA (Rs 9 crore). For tech leaders, the Indian EV maker's profitability signals maturing two-wheeler market and B2B opportunities in edge/IoT mobility solutions, lowering supply chain risk.
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