Mumbai, May 4 (BNP): Ather Energy has reported a sharp improvement in its financial performance for the January–March quarter, with net loss narrowing by 57 percent year-on-year.
The company posted a net loss of ₹100.23 crore in the fourth quarter, compared with ₹234.36 crore in the same period last year, according to a regulatory filing. The reduction reflects improving operational efficiency and stronger demand in the electric vehicle segment.
Revenue from operations grew significantly during the quarter, rising 74 percent to ₹1,174.66 crore from ₹676.8 crore in the corresponding period of the previous fiscal year.
The Bengaluru-based EV maker, which was listed on the stock exchanges in May last year, continues to benefit from rising adoption of electric two-wheelers and expanding market presence across key regions.
Overall, the results indicate steady progress in scaling operations while narrowing losses as the company strengthens its position in the competitive EV market.
