Ather Energy Q4 Earnings: Revenue Climbs 29%, Losses Decline

Ather Energy reported a healthy Q4 as losses narrowed and the revenue figure witnessed a double-digit uptick. The Ola rival's total income stood at Rs 2,305 crore in FY25, indicating a 29% surge from Rs 1,789 crore reported in the previous fiscal. Ather Energy's overall electric scooter sales jumped to 155,394 units, a 42% rise from 109,577 units in FY24.

On Monday, shares of Ather Energy concluded the day at Rs 309, up by more than 3.1% on the National Stock Exchange.

"Since scaling up deliveries in Q2 FY25, Ather Rizta has grown to contribute 57% of total volumes, accelerating Ather’s market share in states like Delhi, Rajasthan, Maharashtra and Gujarat," the company stated in a release.

The company's revenue from operations figure surged by 29% to 676 crore in Q4, compared to Rs 523 crore reported in the corresponding period of the previous year. Adjusted gross margin for the quarter also showed a strong improvement, rising by 900 bps (basis points) to 18%, compared to 9% in the corresponding quarter of the previous fiscal.

"FY25 has been a year of robust growth, with strong increases in both volume and profitability, year-on-year. On the back of our new product launches, we saw strong volume growth of 42%, and our continued investments in engineering and R&D delivered a strong improvement in margins," said Tarun Mehta, executive director and CEO at Ather Energy.

Ather Energy Share Price

The shares of the EV manufacturer have struggled to remain in the green territory since its listing. The initial public offering (IPO) witnessed a moderate response from investors, with the grey market premium also signalling a muted listing.

Since its debut on the bourses, the stock has fallen over 6% on the National Stock Exchange. Its rival, Ola Electric, followed a similar trajectory after a strong listing last year.