Ather Energy's Fiscal Leap Analysis
Ather Energy, a prominent electric two-wheeler manufacturer, significantly reduced its losses to Rs 234.4 crore in the last fiscal quarter. Revenue from operations surged by 29.5%, reaching Rs 676.1 crore. Despite an annual net loss of Rs 812 crore, the company's public market debut marked a significant milestone.
- Country:
- India
Ather Energy, a leading figure in the electric two-wheeler sector, revealed a substantial reduction in losses for the quarter ending March, reporting Rs 234.4 crore compared to Rs 283.30 crore the previous year.
The company's revenue from operations increased by an impressive 29.5 percent, climbing to Rs 676.1 crore from Rs 523.4 crore. This growth trajectory has been a significant point of discussion among market analysts.
Despite closing the fiscal year with a net loss of Rs 812 crore, down from Rs 1059.70 crore, Ather Energy's launch on the stock exchanges on May 6 underscores its pivotal role in the electric mobility market.
(With inputs from agencies.)
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