Ather Energy reports 29% revenue growth, narrows losses in Q4

During the year ended March 2025, Ather Energy’s electric scooter sales grew 42 per cent, reaching 155,394 units, compared to 109,577 units in FY24. 
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Electric vehicle maker Ather Energy’s volumes surged and losses narrowed in the fourth quarter of the last fiscal , according to an exchange filing.

The company reported 29 per cent rise in revenue at ₹676 crore during the quarter under review, from ₹523 crore in the year-ago period. Net loss narrowed to ₹234 crore (₹283 crore). The Adjusted Gross Margin for FY25 surged 2.7 times at ₹428 crore compared to FY24.

Additionally, Ather reported a 28.5 per cent y-o-y rise in revenue to ₹2,255 crore for the year ended March 31, 2025. The firm also managed to cut its losses during this period to ₹812.3 crore, compared with ₹1,059.7 crore in FY24.

During the year ended March 2025, Ather Energy’s electric scooter sales grew 42 per cent, reaching 155,394 units, compared to 109,577 units in FY24.

Since scaling up deliveries in Q2 FY25, Ather Rizta has grown to contribute 57 per cent of total volumes, accelerating Ather’s market share in States like Delhi, Rajasthan, Maharashtra, and Gujarat, the company said in its statement. The company continued to perform strongly in the South, where it had a strong market share of 19.7 per cent in FY25.

“FY25 has been a year of robust growth, with strong increase in both volume and profitability, year-on-year. On the back of our new product launches, we saw strong volume growth of 42 per cent, and our continued investments in engineering and R&D delivered a strong improvement in margins. Adjusted gross margins doubled, growing by approximately 1,000 bps, and that helped reduce EBIDTA losses by approximately 1,300 bps over the preceding year. Our software sales have continued to trend strongly, with 88 per cent of our customers choosing to buy our Pro Pack in FY25, contributing to improvement of our bottomline. Q4 was a strong quarter for distribution and saw a 32 per cent expansion in our pan-India store count,” said Tarun Mehta, Executive Director and CEO at Ather Energy.

On Monday, Ather Energy’s shares closed 3.29 per cent higher at ₹309.55 per share.

Published on May 12, 2025