Overview
- Revenue from operations rose 50% year on year to Rs 953.6 crore in the quarter ended December 31.
- Net loss narrowed to roughly Rs 84 crore, with EBITDA loss improving to Rs 72 crore from Rs 141 crore a year earlier.
- Quarterly unit sales reached a company high of 62,265, up from 39,744 in the same period last year.
- Total expenses increased to Rs 1,075.3 crore, driven chiefly by higher material costs that pressured margins.
- Ather is pushing into ‘Middle India’ states and preparing a wholly owned auto-insurance subsidiary in partnership with multiple insurers as it holds the No. 3 spot behind TVS and Bajaj.