Mumbai, May 12 — Electric two-wheeler manufacturer Ather Energy reported an 18 per cent year-on-year reduction in net loss for the fourth quarter ended March 2025, driven by improved margins and robust vehicle sales. The company posted a consolidated net loss of Rs 234.4 crore, down from Rs 283.3 crore in the same quarter last year.
Revenue Grows 29.5% as Demand Rises
Ather's income from operations rose to Rs 676.1 crore, marking a 29.5 per cent increase from Rs 523.4 crore a year earlier. The full-year loss for FY25 stood at Rs 812 crore, a notable reduction from Rs 1,059.7 crore in FY24.The Bengaluru-based EV maker, which debuted on stock exchanges on May 6, reported sales of 47,411 units in Q4 FY25, up 35 per cent from 35,244 units in the year-ago period.
Margins and EBITDA Show Strong Turnaround
Chief Financial Officer Sohil Parekh highlighted that the company saw a 900 basis points improvement in adjusted gross margins, which stood at 18 per cent in Q4 FY25 compared to 9 per cent in Q4 FY24. EBITDA losses also narrowed, with EBITDA at -23 per cent, a significant improvement from -42 per cent a year earlier.“These gains reflect not just revenue growth but also operational discipline and healthy fundamentals, paving the way toward profitability,” Parekh said.
Rista Scooter Powers Expansion Beyond South India
Ather’s product portfolio currently includes the 450 performance series and the family-oriented Rizta scooter, which has seen remarkable success since deliveries began in Q2 FY25.Rizta now contributes to 57 per cent of Ather’s total sales volume, playing a pivotal role in the company’s expansion into markets beyond South India, including Delhi, Rajasthan, Maharashtra, and Gujarat.
Chief Business Officer Ravneet Phokela stated that Rizta had significantly altered Ather’s growth trajectory. “It allowed us to consolidate our position in the South and expand deeper into North and West India,” he said.
Retail Footprint and Software Sales Drive Profitability
Ather expanded its retail network by 32 per cent in Q4 FY25, closing the fiscal year with 351 experience centresacross India. The company also reported that 88 per cent of customers purchased its Pro Pack software upgrade in FY25, contributing positively to margins.CEO Tarun Mehta emphasized the company’s strong momentum heading into FY26. “FY25 was a year of solid growth, with a 42 per cent rise in volumes and marked improvements in profitability due to engineering and R&D efforts,” he noted.
Stock Performance Post-IPO
Shares of Ather Energy closed 3.29 per cent higher at Rs 309.55 on the BSE on Monday. The company was listed on May 6 following its Rs 2,981-crore IPO.With strong fundamentals, rising sales, and an expanding market footprint, Ather Energy is poised for continued growth and margin improvement in the coming fiscal year.