Ather Energy revenue jumps 54% in Q2; net loss declines

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Electric two-wheeler (E2W) maker Ather Energy reported operating revenue of Rs 898.9 crore for the quarter ended September, up 54% on-year.

The Bengaluru-based firm also narrowed its net loss to Rs 154.1 crore, compared with Rs 197.2 crore in the same period last year.

The company said the improvement was driven by higher vehicle sales, expansion into new markets, and rising non-vehicle revenue — software subscriptions and charging services.

According to its filing with the stock exchanges, Ather sold 65,595 units during the quarter, a 67%…



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Ather Energy revenue jumps 54% in Q2; net loss declines



Electric two-wheeler (E2W) maker Ather Energy reported operating revenue of Rs 898.9 crore for the quarter ended September, up 54% on-year.

The Bengaluru-based firm also narrowed its net loss to Rs 154.1 crore, compared with Rs 197.2 crore in the same period last year.

The company said the improvement was driven by higher vehicle sales, expansion into new markets, and rising non-vehicle revenue — software subscriptions and charging services.

According to its filing with the stock exchanges, Ather sold 65,595 units during the quarter, a 67%…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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