Ather Energy's Maiden Quarterly Results Show It's On The Path To Profitability

Ather Energy continued its march towards operational profitability, as net loss reduced and revenue increased by a third in its maiden quarterly results.

Net loss of the Bengaluru-based electric scooter maker stood at Rs 234 crore in the three months ended March 31, 2025, as against Rs 283 crore in the year-ago period, according to an exchange filing on Monday. Revenue, over the same time, grew 29.2% year on year to Rs 676 crore.

What stood out, however, was the improvement in profitability.

The company's Ebitda loss, measured as earnings before interest, tax, depreciation and amortisation, stood at Rs 172 crore in January-March 2025, versus Rs 239 crore in the year-ago period.

For the full year, revenue jumped 28.57% to Rs 2,255 crore even as net loss narrowed to Rs 812.3 crore from Rs 1,060 crore in FY24.

That performance came on the back of sales growth seen since the Rizta family scooter was launched in July last year. In FY25, the company grew its total sales by 20% year-on-year to 1,30,944 units.

Ather Energy, a college project of IIT Madras graduates Tarun Mehta and Swapnil Jain, listed on 6 May after more than 12 years of making and selling electric scooters in India. While its market debut was tepid, the stock has since traded higher.

On Monday, Ather Energy shares rose 2.77% to Rs 308.00 apiece on the BSE. That's still below its IPO price of Rs 321. The benchmark Sensex ended the day 3.74% higher at 82,429.90 points.