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Ather Energy Shares Rise 15% as June Quarter Losses Narrow

Ather Energy logoAther Energy
Sig1.85Sen+3.05Env0.00Soc0.00Gov0.00

Ather Energy shares jumped about 15% after the electric two-wheeler maker reported a sharp narrowing of operating losses in the June quarter. Consolidated total income rose 87.2% to ₹12.6 billion, with deliveries up 80.5% to 83,173 units. On a like-for-like basis, operating loss fell to ₹33 crore and EBITDA turned positive, though analysts questioned whether the rally can last.

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