India's Ather Energy rises on narrower quarterly loss

Ather Energy

11/11/2025 06:07

** Shares of Ather Energy ATHR.NS rise 4.67% to 655 rupees following the Indian electric scooter maker's second-quarter results

** Co posts narrower quarterly loss, as higher store count drives more sales of popular models

** Sales volumes rise 67% y/y, lifting adj gross margin by 300 bps

** HSBC says market share trends in recent months remain encouraging, with Ather's product quality and tech leadership difficult to replicate

** Brokerage says that in the long-term EV penetration would have to "improve sharply" for stock to perform well

** ICICI Securities says co maintained strong leadership in South India, achieving a 25% market share in second quarter

** Adds that despite narrowing loss pace of gross margin, improvement remains key monitorable going forward

** YTD, ATHR has jumped ~94%

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))