Ather Energy shares jump to new peak as EBITDA loss narrows
Ather Energy shares surged about 17.85% to ₹1,500 after earnings, with Nomura reiterating its top pick status. The EV two-wheeler maker reported an EBITDA margin of -2.7%, beating consensus, while management cited very strong EV demand supported by government policy and improving total cost of ownership. Customer enquiries and pre-orders rose sharply, and Ather expects its EL platform to expand TAM and lower costs.