Electric two-wheeler maker Ather Energy saw losses narrow in the three months to March as sales and profitability improved, according to an exchange filing on Monday.
The company reported a 29% rise in revenue to Rs 676 crore during the quarter under review, from Rs 523 crore in the year-ago period. Net loss in Q4 FY25 narrowed to Rs 234 crore, against Rs 283 crore in the corresponding period last year.
Expenses rose around 13% to Rs 922 crore during the March quarter from Rs 819 crore. However, earnings before taxation, depreciation and amortisation (Ebitda) loss narrowed to Rs 172 crore during the period from Rs 239 crore in the year-ago period.
For the full fiscal 2025, revenue increased 29% to Rs 2,225 crore, while the net loss for the period narrowed 23% to Rs 812 crore. The company had incurred an exceptional outgo of Rs 175 crore on account of refunds for off-board chargers it voluntarily paid under the second iteration of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II) and Phased Manufacturing Program (PMP) guidelines.
In FY25, Ather saw vehicle volumes rise 42% to more than 1.55 lakh units, while adjusted gross margin more than doubled to 19%.
"Adjusted gross margins doubled, growing by approximately 1,000 basis points (bps), and that helped reduce Ebitda losses by approximately 1,300 bps over the preceding year. Our software sales have continued to trend strongly, with 88% of our customers choosing to buy our Pro Pack in FY25, contributing to improvement of our bottom line," Ather Energy CEO Tarun Mehta stated in the filing.
Ather Energy shares closed 3.29% higher on Monday at Rs 309.55 per share, compared to a 3.74% rise in the benchmark Sensex as Indian stocks logged their best day in four years after cross-order hostilities ceased between India and Pakistan. The results were declared after market close. The EV maker, which debuted on Indian exchanges less than a week ago, has risen 2.33% since listing.
Also Read: Will Ather Energy overcome initial decline to achieve long-term growth?
The company reported a 29% rise in revenue to Rs 676 crore during the quarter under review, from Rs 523 crore in the year-ago period. Net loss in Q4 FY25 narrowed to Rs 234 crore, against Rs 283 crore in the corresponding period last year.
Expenses rose around 13% to Rs 922 crore during the March quarter from Rs 819 crore. However, earnings before taxation, depreciation and amortisation (Ebitda) loss narrowed to Rs 172 crore during the period from Rs 239 crore in the year-ago period.
For the full fiscal 2025, revenue increased 29% to Rs 2,225 crore, while the net loss for the period narrowed 23% to Rs 812 crore. The company had incurred an exceptional outgo of Rs 175 crore on account of refunds for off-board chargers it voluntarily paid under the second iteration of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II) and Phased Manufacturing Program (PMP) guidelines.
In FY25, Ather saw vehicle volumes rise 42% to more than 1.55 lakh units, while adjusted gross margin more than doubled to 19%.
"Adjusted gross margins doubled, growing by approximately 1,000 basis points (bps), and that helped reduce Ebitda losses by approximately 1,300 bps over the preceding year. Our software sales have continued to trend strongly, with 88% of our customers choosing to buy our Pro Pack in FY25, contributing to improvement of our bottom line," Ather Energy CEO Tarun Mehta stated in the filing.
Ather Energy shares closed 3.29% higher on Monday at Rs 309.55 per share, compared to a 3.74% rise in the benchmark Sensex as Indian stocks logged their best day in four years after cross-order hostilities ceased between India and Pakistan. The results were declared after market close. The EV maker, which debuted on Indian exchanges less than a week ago, has risen 2.33% since listing.
Also Read: Will Ather Energy overcome initial decline to achieve long-term growth?
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