Mumbai, Aug 5
Shares of electric two-wheeler maker Ather Energy fell 2.1 per cent on Tuesday, as investors bought the dip from a bigger fall. The stock was trading at Rs 240 per share at 2:40 p.m.
Earlier during the intra-day trading, shares dropped 4.6 per cent, reaching a low of Rs 380.80 on the BSE. This decline followed a 12.81 per cent increase to Rs 391.8 on the NSE on Monday, after the company announced its quarterly earnings.
The company reported a 5 per cent quarter-on-quarter drop in revenue but reduced its net losses. The stock has risen 17.69 per cent in the past month, increasing by Rs 58.35.
The net loss for the first quarter of FY26 was Rs 178.20 crore, a 2.6 per cent decrease from Rs 182.90 crore in the same period last year. The net loss is also lower than the Rs 234 crore loss in the March quarter.
Total income also fell 2.17 per cent sequentially to Rs 672.9 crore from Rs 687.8 crore,
The company reported an 82.65 per cent increase in total income year-over-year. In Q1 FY26, Tarun Mehta-led company’s total expenditure grew 54 per cent to Rs 851 crore in Q1 FY26, up from Rs 551 crore of the previous year.
According to the regulatory filing, the cost of materials, mainly due to battery and component procurement, accounted for the largest share of its expenditures, rising nearly 74 per cent.