Ather Energy reports narrower quarterly loss as festive sales drive revenue growth
Bengaluru-based Ather Energy reported a narrowed quarterly loss of 846 million rupees. Revenue surged 50.2 percent as year-end festive sales boosted demand.
Insights:
Ather Energy reported a quarterly loss of 846 million rupees for its latest earnings release, showing a material narrowing compared with a loss of 1.98 billion rupees for the same period a year earlier. The Bengaluru-based company reported quarterly revenue of 9.54 billion rupees, representing a 50.2% increase over the previous quarter. For financial comparison purposes, the exchange rate provided in the report is 91.5540 Indian rupees to one U.S. dollar.
The manufacturer stated that the narrower loss was helped by a jump in sales during the year-end festive period in India 
IN. Having launched its 450 series of scooters in 2018 as an early entrant in the electric two-wheeler market, Ather Energy is now seeking to raise its market share through its top-selling family scooter, the Rizta. This effort coincides with the company expanding its presence into the northern and central regions of the country.
IN. Having launched its 450 series of scooters in 2018 as an early entrant in the electric two-wheeler market, Ather Energy is now seeking to raise its market share through its top-selling family scooter, the Rizta. This effort coincides with the company expanding its presence into the northern and central regions of the country.
