New Delhi, May 12
Electric vehicle (EV) maker Ather Energy on Monday reported a net loss of Rs 234.40 crore in the fourth quarter of last financial year (FY25), widened by 18.5 per cent from Rs 197.8 crore net loss in Q3 (quarter-on-quarter).
Total expenses rose to Rs 922 crore in Q4, 8.7 per cent up on the quarterly basis and 12.6 per cent year-on-year.
The company's revenue from operations went up 29 per cent to Rs 676 crore in Q4, from Rs 523.4 crore in the year-ago period.
Meanwhile, the earnings before interest, taxes, depreciation and amortization (EBITDA) loss stood at Rs 172.50 crore, against a loss of Rs 238.50 crore from a year-ago period.
Ather Energy had made a muted debut on the stock exchanges. The stock was listed at Rs 328 per share on the National Stock Exchange (NSE), which was 2.18 per cent higher than its issue price. On the Bombay Stock Exchange (BSE), it opened at Rs 326.05, marking a 1.57 per cent gain.
The Rs 2,981 crore IPO of Ather Energy had received lukewarm investor interest, getting subscribed 1.43 times during the three-day bidding period from April 28 to 30.