Electric scooter maker Ather Energy reduced its net loss to ₹234.4 crore in the fourth quarter of FY25, helped by strong sales of its new family scooter model ‘Rizta’. In the same quarter last year, the company had posted a loss of ₹283.3 crore.
Ather’s revenue from operations went up by 29 percent year-on-year, reaching ₹676 crore in Q4FY25. In the year-ago period, the company had reported revenue of ₹523.4 crore.
The company’s EBITDA loss also narrowed to ₹172.5 crore from ₹238.5 crore compared to the previous year. The reduced losses show that the company is improving its cost structure while increasing sales.
The ₹2,981-crore initial public issue of Ather Energy was subscribed 1.43 times. Demand was predominantly from QIBs and retail shareholders. The issue was priced at a price band of ₹304-321 per share.
The stock had a small market debut with a marginal opening gain of just a 2 percent. The IPO was the first mainboard public issue of the year FY26 and was the second firm listing by an electric two-wheeler entity following Ola Electric’s IPO last year.
Its shares increased by 3.45 percent to ₹310.55 on the NSE at 3 PM on May 13, reflecting investor confidence in the growth plans of the firm.
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Source: Moneycontrol.
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