Ather Energy Reports 71% Year-Over-Year Loss Reduction in Q1

Electric vehicle manufacturer Ather Energy has reduced its net loss for the first quarter of FY27 by 71% compared to the same period last year, reporting a loss of ₹51.1 crore (approximately $610,000 USD). The previous year's loss stood at ₹178.2 crore.

Operating revenue saw a significant increase of 89% year-over-year, reaching ₹1,216.9 crore. Quarter-over-quarter, revenue grew by 4%. Including other income of ₹42.7 crore, the total income for the quarter was ₹1,259.7 crore.

Total expenses for the quarter amounted to ₹1,310.7 crore. The company has been focusing on improving its financial performance through various operational adjustments.