Ather narrows quarterly loss as Rizta demand drives 90% revenue growth
Ather Energy reported a ₹50.87 crore net loss for the quarter ended June 30, versus ₹178 crore a year earlier, as sales rose 81% to 83,173 units. The EV maker is extending retail and charging coverage into Tier-2 and Tier-3 markets amid intensifying competition.
What happened
Ather Energy narrowed its June-quarter loss as Rizta scooter demand lifted sales and revenue. The EV maker is expanding retail and charging infrastructure in
Key facts
- Net loss: ₹50.87 crore ($5.34 million), versus ₹178 crore loss a year earlier
- Revenue: ₹1,217 crore, up about 90%
- Expenses: up 54%
- Vehicle sales: 83,173 units, up 81%
- EBITDA margin: 0.8%, versus -15.7% a year earlier
- $1 = ₹95.3375
Why this matters
Ather’s momentum in family-oriented EVs and underserved city markets strengthens its strategic position, making charging, distribution and localized partnerships increasingly valuable competitive assets.