Ather Energy slashes Q4 loss, revenue jumps 29% on Rizta scooter surge

Bengaluru-based electric vehicle manufacturer Ather Energy reported a reduced net loss of ₹234.4 crore for the fourth quarter of FY25 (January-March 2025), down from ₹283.3 crore in the same period last year, driven by strong demand for its top-selling ‘Rizta’ family scooters.

The company’s quarterly revenue surged 29% year-on-year to ₹676 crore, up from ₹523.4 crore, fueled by sales of 40,700 vehicles compared to 35,908 units in Q4 FY24. Despite higher expenses of ₹922.2 crore, up 12.6% from ₹818.7 crore, Ather’s EBITDA loss improved to ₹172.5 crore from ₹238.5 crore.

For the full financial year ending March 31, 2025, Ather’s net loss narrowed to ₹812.3 crore from ₹1,059.7 crore in FY24, with revenue from operations rising 28.5% to ₹2,255 crore from ₹1,753.8 crore.

Total income, including other sources, reached ₹2,305.2 crore, but expenses climbed to ₹3,117.5 crore from ₹2,674.2 crore, driven by higher material costs, employee benefits, finance costs, and depreciation.

The comprehensive loss for FY25 was ₹816.9 crore, compared to ₹1,062.3 crore in FY24, which included a ₹174.6 crore exceptional item.

Ather’s total assets grew to ₹2,100.6 crore from ₹1,913.5 crore, reflecting investments in property, equipment, and inventories, while equity capital stood at ₹293 crore and total equity at ₹493 crore.

Founded in 2013 by Tarun Mehta and Swapnil Jain, Ather specialises in electric scooters like the Ather 450X and 450 Plus, featuring technology such as touchscreen dashboards and smartphone connectivity. The company operates a direct-to-consumer model through Ather Space outlets and supports its vehicles with the Ather Grid fast-charging network.

Backed by Hero MotoCorp, Ather aims to expand in northern and western India, and transition to cost-effective LFP batteries to improve margins and achieve profitability in India’s competitive EV market, where it trails Ola Electric and legacy brands like TVS Motor and Bajaj Auto.

The company’s initial public offering, priced at ₹304-321 per share, was subscribed 1.43 times and debuted on May 6, 2025, with a 2.2% premium at ₹328 per share. Shares traded at ₹312.9 on the BSE and ₹310.55 on the NSE on Monday at 3:00 pm, up 3.45% after the results.