Ather Energy, a competitor of Ola Electric, reported a narrowed loss of Rs 234.4 crore in Q4FY25, a 17% improvement year-on-year.
The company's revenue from operations increased by 29% to Rs 676.1 crore in the same quarter, with total income reaching Rs 687.8 crore.
For the full FY25, Ather Energy reported operating revenue of Rs 2,255 crore, with a net loss of Rs 812.3 crore, showing a 23% decrease in losses compared to the previous fiscal.
Despite lukewarm investor response to its IPO, Ather Energy made its stock market debut with fluctuating prices, closing lower on the first day; Ather faces stiff competition in the EV sector but aims to expand and enhance efficiencies.