Results · Mobility & Logistics

Ather Energy narrows loss, revenue rises 29%

What they do

Ather Energy makes electric scooters for performance and family use

Q4 FY25 net loss narrowed 17% to Rs 234.4 crore, revenue up 29% to Rs 676.1 crore

The company listed on stock exchanges in May 2025 after a Rs 2,981 crore IPO

Ather Energy reported a Q4 FY25 net loss of Rs 234.4 crore, narrowing 17% from Rs 283.3 crore a year ago.
Operating revenue for the quarter was Rs 676.1 crore, up 29% year-on-year.
Total expenses stood at Rs 922.2 crore, up 12.6% from Rs 818.7 crore.
Adjusted gross margin improved to 18%, expanding about 900 basis points (bps) year-on-year.
The company sold ~47,400 vehicles in Q4, a 35% increase from 35,244 units a year ago.
Full-year FY25 operating revenue was Rs 2,255 crore, up from Rs 1,753.8 crore in FY24.
Full-year net loss narrowed 23.3% to Rs 812.3 crore from Rs 1,059.7 crore.
Ather listed on NSE at Rs 328 (2.18% premium) and BSE at Rs 326.05 (1.57% premium) on May 6, 2025.

The results come shortly after Ather's Rs 2,981 crore IPO in April-May 2025.
Market share in the electric two-wheeler segment stood at 13.3% in Q4 and 14.3% in April 2025.
The company added 143 stores in FY25, taking the total to 351 experience centres.
Rizta scooter contributed 57% of total volume by the end of FY25, driving growth in family and utility segments.

Ather Energy designs and manufactures electric scooters for the Indian market.
Its product portfolio includes the performance-focused 450 series and the family-ride Rizta scooter.
The Rizta, launched in Q2 FY25, targets the family and utility segment and expanded into new geographies like Delhi, Rajasthan, Maharashtra, and Gujarat.
In FY25, 88% of customers purchased the Pro Pack (a paid software upgrade).
The company operates 351 experience centres across India as of March 2025.
Ather follows a capital-light model, which the CEO says will help achieve profitability at a lower scale than peers.

CEO expects profitability at a lower scale than peers due to the capital-light model.
IPO proceeds will partly be used for a manufacturing plant in Maharashtra.

Tiger Global (existing) — A global investment firm that backs technology companies.