Ather powers up revenue, trims losses this quarter

MUMBAI: The Bengaluru-based electric scooter maker, Ather Energy Limited, posted a zippy rise in revenue for the quarter ended 30 September 2025, even as losses narrowed compared with last year’s slowdown.

The company’s revenue from operations surged to Rs 8,989 million from Rs 5,835 million a year ago, reflecting growing demand for its e-scooters. Total income stood at Rs 9,407 million, up from Rs 5,989 million in the same period last year.

Despite the solid topline, Ather reported a loss of Rs 1,541 million for the quarter, an improvement from Rs 1,972 million in the year-ago quarter. The firm attributed the performance to better operating leverage and improved cost efficiencies.

For the half year ended 30 September 2025, revenue jumped to Rs 15,435 million, compared with Rs 9,440 million in the same period of 2024, while losses stood at Rs 3,323 million, down from Rs 3,801 million.

The company, which went public earlier this year, also strengthened its balance sheet, its total assets more than doubled to Rs 44,434 million from Rs 21,006 million as of March 2025, aided by fresh equity from its IPO.

Ather noted that temporary supply disruptions due to China’s export ban on rare earth magnets affected some manufacturing processes, prompting it to defer certain government incentive claims worth Rs 192 million.

The results were approved by the board on 10 November 2025 and reviewed by Deloitte Haskins & Sells, which issued an unmodified report.

With the EV wave accelerating, Ather seems to be fine-tuning its gears, leaning into growth while keeping an eye on the cost curve.