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Ather narrows Q1 loss as retail registrations double and dealer inventory drops to three days
Ather Energy’s June-quarter loss narrowed sharply as sales and retail registrations surged. Brokerages retained positive ratings, citing unmet demand, rising electric two-wheeler penetration, EL platform cost efficiencies and planned capacity expansion.
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Reported figures
From the report. Source details below
| Shares rose 17.81% to a record | Rs 1,500 |
|---|---|
| Q1 consolidated net loss narrowed to Rs 51 crore from | Rs 178 crore year-on-year |
| Total sales rose 87.2% year-on-year to | Rs 1,260 crore |
| Unrealised retail demand estimated at | 13,000-15,000 units monthly |
| E2W penetration reached 11%; electric scooter penetration exceeded | 25% |
| Ather retail registrations rose 102% year-on-year and E2W market share reached | 16.8% |
| Consensus target price is Rs 1,506.60; Nomura target is | Rs 1,714 |
Also in the report
- Stock gained 328% from its Rs 349.90 52-week low
- Non-vehicle revenue reached 14% of revenue from operations versus 13% a year earlier
- Dealer inventory fell to 3 days from 14 days in Q4
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