Ather Energy Q4 net loss narrows to ₹234 crore vs ₹283 crore a year ago, revenue up 29%

It reported a consolidated net loss of ₹283.3 crore during the quarter ended on March 31, 2024.

Revenue from operations rose 29.17% to ₹676.1 crore in the fourth quarter of the financial year 2024-25, compared to ₹523.4 crore a year back.

EBITDA (Earnings before interest, tax, depreciation and amortisation) loss shrinked to ₹172.5 crore in the final quarter of FY25, from ₹238.50 crore a year back.

The company's total expenses stood at ₹922.2 crore in the quarter under review as against ₹818.7 crore in the year-ago quarter, reflecting an increase of 12.64%.

Ather Energy share price

After the earnings announcement, shares of Ather Energy Ltd were trading 3.41% higher at ₹310.45 apiece on the National Stock Exchange (NSE) at 2:43 pm.

The stock debuted on the NSE on May 6 at ₹328 per unit, a premium of 2.18% over the issue price of ₹321 apiece. It hit the secondary market at ₹326.05 per share, up 1.57%, on the BSE.

The scrip is currently down 3.28% from the issue price.

The ₹2,981-crore Ather Energy IPO, which was subscribed 1.43 times, was a fresh issue of ₹2,626 crore and an offer for sale of over one crore shares.

The money raised will be utilised for establishing a new manufacturing facility in Maharashtra, debt clearance, research and development, general corporate purposes and market initiatives. It had a price band of ₹304 to ₹321 per equity share.