In a significant turn of events, Ather Energy, a prominent player in the electric two-wheeler market, reported a substantial reduction in its financial losses for the March quarter of the previous fiscal year. The company recorded a loss of ₹234.4 crore, a marked improvement from the ₹283.30 crore loss it experienced during the same quarter the previous year. This positive trend reflects Ather’s commitment to growth and innovation in the rapidly evolving electric vehicle sector.

Impressive Revenue Growth

Ather Energy’s revenue surged by 29%, reaching ₹676 crore in the most recent quarter, compared to ₹523 crore in the corresponding period last year. This upward trajectory is indicative of the brand’s increasing market presence and consumer interest.

• Net Loss for FY2024-25: ₹812 crore (down from ₹1059.70 crore)
• EBITDA Loss: ₹172.50 crore (improved from ₹238.50 crore the previous year)

The company attributed its success to a 42% increase in vehicle volumes, which has helped solidify its growth momentum. Ather Energy’s adjusted gross margins improved significantly, rising from 9% in FY24 to 19% in FY25, demonstrating enhanced operational efficiency.

Electric Scooter Sales Surge

Ather Energy also reported a remarkable 42% increase in electric scooter sales for the fiscal year ending March 2025, totaling 155,394 units, up from 109,577 units in FY24. The introduction of the Ather Rizta has played a vital role in this growth, as it now represents 57% of overall sales. This surge has notably boosted Ather’s market share in key regions, including Delhi, Rajasthan, Maharashtra, and Gujarat, while maintaining a substantial 19.7% market share in southern states.

Strong Performance Indicators

“FY25 has been a year of robust growth, with impressive increases in both volume and profitability year-on-year,” said Tarun Mehta, Executive Director and CEO of Ather Energy. He noted that the company’s new product launches and ongoing investments in engineering and R&D have significantly enhanced margins. The adjusted gross margins doubled, leading to a considerable reduction in EBITDA losses.

• Customer Engagement: 88% of customers opted for the Pro Pack, further boosting the company’s profitability.
• Store Expansion: Ather Energy expanded its pan-India store count by 32% in Q4, enhancing distribution capabilities across the country.

Market Performance and Stock Highlights

Ather Energy’s stock made a notable debut, listing at a 2.18% premium at ₹328 on the NSE and 1.6% premium at ₹326.05 on the BSE, compared to the IPO issue price of ₹321. Today, the share price closed at ₹309.55, reflecting a 3.29% increase.

As Ather Energy continues to innovate and expand its market footprint, it remains a significant contender in the electric vehicle industry, poised for further growth and profitability in the coming years.