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Ather Energy FY24: Revenue Declines On Reduction In FAME-II Subsidy, Loss Up 23% To INR 1,060 Cr

Inc42 · 11m ago

Ather Energy FY24: Revenue Declines On Reduction In FAME-II Subsidy, Loss Up 23% To INR 1,060 Cr

Ather, a leading electric vehicle company, reported a decline in operating revenue by 1.5% YoY to INR 1,753.8 Cr in FY24 due to a reduction in government subsidies. In the previous fiscal year, Ather experienced a significant increase in revenue, with a 335% YoY jump to INR 1,780.9 Cr, but also faced a widened net loss of 2.5X YoY to INR 864.5 Cr. The company, which has filed for an IPO of more than INR 3,100 Cr, incurred a total expenditure of INR 2,674.2 Cr in FY24.

Related News

Two-Wheeler EV Registrations Remain Flat MoM In Feb; Ather, TVS Motor See Decline

Inc42 · 1y ago

Two-Wheeler EV Registrations Remain Flat MoM In Feb; Ather, TVS Motor See Decline

Electric two-wheeler registrations remained steady in February, with a total of 81,963 units registered, almost the same as January's figures. Ola Electric was the leader in terms of registrations, with 33,722 units, followed by TVS Motor with 14,499 units and Bajaj Auto with 11,618 units. Ather Energy saw a decline in registrations, while Hero MotoCorp experienced a significant month-on-month increase at 17%. Other players, including Okinawa Autotech and Hero Electric, continued to struggle, possibly due to FAME-II subsidy issues. Overall, EV registrations across categories in February dropped slightly to 1.4 Lakh units.

Ather Energy posts Rs 676 Cr revenue in Q4 FY25, narrows losses by 17%

Entrackr

Entrackr · 3m ago

Ather Energy posts Rs 676 Cr revenue in Q4 FY25, narrows losses by 17%

Electric two-wheeler maker Ather Energy has announced its financial results for the fourth quarter of FY25. The company reported a 29% year-on-year jump in its operating revenue compared to Q4 FY24. Ather’s revenue from operations increased by 29% to Rs 676 crore in Q4 FY25, from Rs 523 crore in Q4 FY24, according to its consolidated quarterly report sourced from the National Stock Exchange (NSE). For the full fiscal year (FY25), Ather Energy’s operating revenue increased 29% to Rs 2,255 crore in FY25 from Rs 1,754 crore in FY24. The company’s cost of materials, driven primarily by battery and component procurement, increased by nearly 16% to Rs 564 crore in Q4 FY25 from Rs 488 crore in the same period last year. Employee benefit expenses saw a decline of 29% YoY to Rs 109 crore in Q4 FY25 compared to Rs 154 crore in Q4 FY24. Depreciation and amortization costs rose 18% to Rs 45 crore, while other operational costs jumped nearly 47% to Rs 204 crore. Overall, Ather’s total expenditure grew 13% to Rs 922 crore in Q4 FY25, up from Rs 819 crore in Q4 FY24. For the full financial year ending March 2025, total expenses rose to Rs 3,117 crore as against Rs 2,674 crore in FY24. As a result, the company’s net losses reduced by 17% to Rs 234 crore in Q4 FY25 from Rs 283 crore in Q4 FY24. On a fiscal basis, its net losses came down 23% to Rs 812 crore in FY25 from Rs 1,060 crore in FY24. Ather Energy made its stock market debut on May 6, 2025, listing at Rs 328 per share on the NSE—2.18% above its issue price of Rs 321. However, the stock closed the day at Rs 300. On Monday, it rose 2.8% to trade at Rs 308.7 before market close, bringing its total market capitalization to Rs 11,497 crore ($1.34 billion). Ather's competitor Ola Electric, which saw a nearly 20% decline in operating revenue during Q3 FY25, has yet to file Q4 results.

Opinion About Share/Stock Market | Business News, Stock/Share Tips

Money Control

Money Control · 1y ago

Opinion About Share/Stock Market | Business News, Stock/Share Tips

In today's articles, it is noted that the reduction in production costs of nickel and gas has resulted in lower prices for these commodities, which is beneficial for the planet. There is also discussion about the potential negative effects if electric vehicle makers were to go bust, highlighting the importance of stable brands and the option of leasing. The FAME II subsidy scheme in India, if extended, could boost electric vehicle demand. Other topics mentioned include climate change messages in movies, China's impact on global climate gains, AI regulations in India, and the fluctuation of mutual fund rankings.

Ather Energy’s net loss widens 22.5% to ₹1,060 cr in FY24

Inshorts · 1y ago

Ather Energy’s net loss widens 22.5% to ₹1,060 cr in FY24

Bengaluru-based two-wheeler electric vehicle (EV) manufacturer Ather Energy’s net loss widened 22.5% in the fiscal year ended March 31, 2024 (FY24), as per the annual report of Hero MotoCorp. The EV manufacturer’s net loss jumped to ₹1,059.7 crore in FY24 from ₹864.5 crore in FY23, as per the report.

No abuse of dominance: CCI on rejecting plea against Ola, 3 others

Inshorts · 1y ago

No abuse of dominance: CCI on rejecting plea against Ola, 3 others

The Competition Commission of India has dismissed a plea that accused four two-wheeler EV makers of abusing their dominant position in the market. The plea claimed Ola Electric, Ather, Hero MotoCorp and TVS Motor were misusing the FAME subsidy to under-price vehicles and restrict small automakers. "None of the market players appear to have a stable market share," CCI noted.

Smaller EV players nearly wiped out as FAME-II crackdown triggers sales collapse - The Economic Times

Economic Times

Economic Times · 1m ago

Smaller EV players nearly wiped out as FAME-II crackdown triggers sales collapse - The Economic Times

A government crackdown on electric two-wheeler makers for violating FAME-II subsidy norms led to a significant market shake-up, severely impacting smaller companies. While companies like Hero Electric faced insolvency and others like Okinawa Autotech and Ampere Vehicles saw drastic sales drops, larger firms such as TVS and Bajaj have benefited. New policy initiatives, like the anticipated FAME-III, aim to support compliant manufacturers and strengthen the shift towards electric mobility with stricter guidelines.

HC Trashes Okinawa Plea To Restrain Govt From Recovering Sops

Inc42 · 1y ago

HC Trashes Okinawa Plea To Restrain Govt From Recovering Sops

Three original equipment manufacturers (OEMs) have returned the subsidy amount after receiving demand notices from the government. Okinawa, an electric vehicle (EV) maker, argued that without interim relief, it would have to file for insolvency. The Ministry of Heavy Industries (MHI) issued a notice to Okinawa in May 2020, demanding payment for allegedly violating domestic manufacturing mandates under the FAME-II scheme.

Companies to focus on premium segment, price hikes as FAME subsidy ends

Thehindubusinessline

Thehindubusinessline · 1y ago

Companies to focus on premium segment, price hikes as FAME subsidy ends

As the Faster Adoption and Manufacturing of Hybrid and Electric Vehicle (FAME-II) subsidy is set to end, electric vehicle companies are preparing to focus on the premium vehicle segment while increasing prices by up to 25%. They are still hoping for an extension of the subsidy, but are anticipating a decline in sales if it is not granted. The withdrawal of subsidies poses challenges for EV players and raises concerns about discouraging consumer adoption. The discontinuation may also disrupt investments and hinder the overall growth of the EV sector in India.

Ather brings ₹390 crore loss to Hero MotoCorp in FY24

Inshorts · 1y ago

Ather brings ₹390 crore loss to Hero MotoCorp in FY24

EV startup Ather Energy's loss attributable to Hero MotoCorp stood at ₹389.77 crore in FY24. Hero MotoCorp, which holds over a 40% stake in Ather, forged a partnership with Ather for an EV charging network. In FY24, Hero MotoCorp invested nearly ₹700 crore to increase its stake in Ather to 40.89% from 33.11% in FY23.

New Electric Mobility Scheme: Ather, Ola Get Govt Nod To Sell EVs

Inc42 · 1y ago

New Electric Mobility Scheme: Ather, Ola Get Govt Nod To Sell EVs

The Indian government has allowed several electric vehicle (EV) companies, including Ather Energy, Ola Electric Mobility, Hero MotoCorp, Bajaj Auto, TVS, and Kinetic Green to sell EVs and claim subsidies under the newly introduced Electric Mobility Promotion Scheme (EMPS), 2024. The scheme, launched by the Ministry of Heavy Industries, aims to support the adoption of 372,000 EVs in the next four months. The subsidies will be available for vehicles equipped with advanced batteries to encourage the use of advanced technologies. This scheme replaces the FAME-II scheme, which ended on March 31, 2024.

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