Ather Energy's tapering losses put stock in fast lane, but is the rally justified?
New Delhi, Aug. 4 -- Ather Energy Ltd sustained its momentum of narrowing operating losses in the June quarter (Q1FY27), igniting the stock, which jumped around 15% on Tuesday.
Including other income, the company reported an Ebitda profit in Q1. However, excluding other income, Ebitda loss persisted, though it narrowed sharply to Rs.33 crore from Rs.69.9 crore in Q4FY26 and Rs.134 crore in Q1FY26. Ebitda margin, excluding other income, improved for the fifth consecutive quarter in Q1FY27.
Operating revenue surged 89% year-on-year to Rs.1,217 crore, driven by an 81% jump in vehicle deliveries to 83,173 units. Ather has outpaced industry growth, supporting operating leverage.
While industry-wide registrations grew 68% year-on-year,...
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