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Ather Energy Narrows Quarterly Loss as Rizta Demand Offsets Higher Costs

Ather Energy logoAther Energy
Sig2.65Sen-1.35Env0.00Soc+0.85Gov0.00

Ather Energy reported a much narrower first-quarter net loss of Rs 508.7 million, helped by strong demand for its Rizta scooters. Revenue rose about 90% to Rs 12.17 billion as vehicle sales jumped 81% to 83,173 units. Higher costs rose with expenses, including plastics and polymers costs tied to West Asia disruption, while the company expanded retail and charging in tier II/III cities.

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