NEW DELHI, Oct. 26 -- Ather Energy Ltd became the first electric two-wheeler company in India to report a quarterly profit after a rapid rise in sales, increasing average sales price and better cost savings.

Bengaluru-based Ather recorded a profit after tax of Rs.1.26 crore during the July to September quarter as against a loss of Rs.154 crore in the year-ago period. Revenue surged 63% to Rs.1,526 crore.

Sales rose 42% to 93,211 units, with the Tarun Mehta-led company facing a surge in orders and ramping up average monthly supplies to 33,000 units from 28,000 in the preceding quarter. The company, founded 13 years ago, is turning its focus to expanding capacity, increasing its network and scaling up its latest model Konarc in a bid to d...