Conference Call with Ather Energy Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
2/3 Wheelers company Ather Energy announced Q4FY25 & FY25 results Q4FY25 Financiall Highlights: Ather Energy recorded a 28% increase in total income, which stood at Rs 688 crore in Q4FY25 compared to Rs 535 crore in the same period last year. The Adjusted Gross Margin for Q4FY25 showed a substantial improvement, expanding by ~900 basis points to 18%, compared to 9% in Q4FY24. Ather closed Q4FY25 with a 13.3% market share in the electric two-wheeler segment and 351 Experience centres across India. EBITDA for Q4FY25 improved by ~1900 bps compared to Q4FY24. Ather reduced its quarterly losses by 17% in Q4FY25 compared to Q4FY24. FY25 Financiall Highlights: Ather Energy achieved growth with total income of Rs 2,305 crore, a 29% increase from Rs 1,789 crore in FY24, reflecting strong growth in product sales. Adjusted Gross Margin for FY25 surged by 2.7 times at Rs 428 crore as compared to FY24. EBIDTA for the year improved significantly by ~1,300 bps to (23%) in FY25 from (36%) in FY24. Net losses for FY25 decreased by 23%, from Rs 1,060 crore in FY24 to Rs 812 crore in FY25. Ather Energy’s electric scooter sales grew by 42%, reaching 1,55,394 units, compared to 1,09,577 units in FY24. Tarun Mehta, Executive Director and CEO at Ather Energy, said: “FY25 has been a year of robust growth, with strong increases in both volume and profitability, YoY. On the back of our new product launches, we saw strong volume growth of 42%, and our continued investments in engineering and R&D; delivered a strong improvement in margins. Adjusted gross margins doubled, growing by approximately 1,000 bps, and that helped reduce EBIDTA losses by approximately 1,300 bps over the preceding year. Our software sales have continued to trend strongly, with 88% of our customers choosing to buy our Pro Pack in FY25, contributing to improvement of our bottom line. Q4 was a strong quarter for distribution and saw a 32% expansion in our pan-India store count.” Result PDF