New Delhi, Aug. 3 -- Ather Energy Ltd has become the first pure-play new-age electric scooter maker to report an operating profit before depreciation, finance and amortization costs.

The Bengaluru-based electric vehicle maker, founded in 2013, reported an earnings before interest, tax, depreciation and amortization (Ebitda) margin of 0.8% in the June quarter, an over 16-percentage-point improvement from -15.7% a year ago.

The improvement came on the back of revenue nearly doubling to Rs.1,260 crore from Rs.673 crore as EV sales surged owing to fuel price hikes and availability-led fears amid the West Asia war.

Its net loss narrowed to Rs.51 crore from Rs.178 crore, bringing the company closer to breakeven, although higher commodity pri...