Ather Energy Reports Rs 1.26 Crore Profit in Q2; Shares Rise 19%
Ather Energy turned profitable in the July-September quarter, posting a net profit of Rs 1.26 crore compared to a loss of Rs 154.07 crore a year earlier. Revenue rose 63% year-on-year to Rs 1,464.24 crore, and EBITDA turned positive at Rs 11.3 crore versus a loss of Rs 133 crore previously. Shares surged 19% intraday following the results. The company recently launched the Konarc scooter and announced a Rs 122 crore capex to expand production capacity to 11.45 lakh units annually.
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