India's Ather Energy posts narrower quarterly loss, aided by firm scooter demand (updated)

Ather Energy

03/08/2026 11:44

Adds details
Aug 3 (Reuters) - Indian electric scooter maker Ather Energy ATHR.NS reported a sharply narrower first-quarter loss on Monday as strong demand for its Rizta scooters helped cushion the impact of higher costs.
  
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The Rizta scooter maker posted a net loss of 508.7 million rupees ($5.34 million) in the quarter ended June 30, compared with a loss of 1.78 billion rupees a year earlier
Revenue surged about 90% to 12.17 billion rupees while expenses rose 54%.
Vehicle sales jumped 81% the quarter to 83,173 units
Conflict in West Asia disrupted crude oil supplies, driving up plastics and polymers costs, the company said
The narrower loss was driven by strong demand for the family-focused Rizta scooters, which broadened its customer base beyond its traditional performance-focused models
EBITDA margin improved to 0.8% from negative 15.7% a year ago in the June quarter
Ather continued expanding its retail and charging infrastructure in Tier-2 and Tier-3 cities, helping boost sales volumes and improve operating leverage, the company said.
Ather has been facing pricing and market-share pressure from rivals Ola Electric, TVS Motor TVSM.NS and Bajaj Auto BAJA.NS, amid an aggressive price war. 


($1 = 95.3375 Indian rupees)

 (Reporting by Urvi Dugar in Bengaluru; Editing by Rashmi Aich and Eileen Soreng)
 ((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))