India, Aug. 4 -- Ather Turns A Corner

Amid concerns of sliding EV two wheeler sales in India, Ather managed to sharply shrink its losses in Q1 FY27, and more importantly, turn EBITDA positive. Bolstered by its fresh Rs.2,500 Cr rights issue and fundraise, Ather is now preparing to scale its expansion plans and inch closer to real profitability.

Here is a quick look at Ather's Q1 FY27 numbers:

Net loss narrowed 71% YoY to Rs.51.1 Cr

Operating revenue zoomed 89% YoY to Rs.1,216.9 Cr

Total expenses soared 54% YoY to Rs.1,310.7 Cr

EBITDA profit stood at Rs.9 Cr versus an EBITDA loss of Rs.106 Cr loss a year ago

Volume Surges: The EBITDA turnaround was driven by strong volumes. The EV maker delivered 83,173 electric scooters in Q1, an 8...