Ather Energy’s losses narrow, revenue jumps 29% in Q4 on the back of rising sales

Ather Energy, which listed on public bourses last week, reported a revenue of Rs 676.1 crore during Q4 FY25, compared with Rs 523.4 crore a year ago, driven by rising demand for its vehicles.

May 12, 2025 - 11:07

Ather Energy’s losses narrow, revenue jumps 29% in Q4 on the back of rising sales

EV maker Ather Energy has narrowed its losses to Rs 237.3 crore in Q4 FY25 from Rs 283.9 crore in the year-ago period, helped by rising margins from higher sales.

The Bengaluru-based company also reported a 29% year-on-year rise in quarterly revenue to Rs 676.1 crore on the back of rising demand for its vehicles, primarily its family scooter Ather Rizta.

During the quarter, Ather sold 40,700 units of its vehicles, compared with 35,908 units in the same period of FY24, as it looks to compete with legacy brands like TVS Motor and Bajaj Auto as well as Bhavish Aggarwal-led Ola Electric.

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The company narrowed its loss despite its expenses spiking during the quarter to Rs 922.2 crore from Rs 818.7 crore in the year-ago period, fuelled by rising cost of materials consumed and other expenses.

Additionally, Ather also reported a 28.5% YoY rise in revenue for the year ended March 31, 2025 to Rs 2,255 crore. The firm also managed to cut its losses during this period to Rs 812.3 crore, compared with Rs 1,059.7 crore in FY24.

Ather, like Ola Electric, is yet to achieve profitability. In a pre-IPO meeting, CEO and Co-founder Tarun Mehta said the company is banking on growing margins helped by rising volumes of its vehicles as well as the transition to lower-cost LFP (lithium iron phosphate) batteries.

Shares of the EV-maker were trading at Rs 312.9 apiece on Monday on BSE as of 2:46 PM IST. It had listed at a 2.2% premium at Rs 328 apiece on May 6, becoming the second EV-maker to go public in India after Ola Electric last year.

The Hero MotoCorp-backed company’s offering was subscribed 1.43X on April 30—its third and final day of bidding.

(The copy was updated with FY figures.)

Edited by Kanishk Singh