Ather Energy Q1 loss narrows to ₹51 crore as revenue rises 88.8% to ₹1,217 crore
Ather Energy reported a sharp improvement in its FY2024 Q1 results, with revenue rising 88.8% year on year to ₹1,217 crore. Net loss narrowed to ₹51 crore, while EBITDA loss shrank to ₹33.4 crore from ₹134.3 crore a year earlier. After the results, the stock rose more than 3% intraday on the BSE to ₹1,287.90. The update follows the company’s ₹1,300 crore QIP, priced at ₹1,202 per share, a 2.8% premium to the regulatory floor price.