Shares of Ather Energy climbed 18% to Rs 1,500 on the BSE on Tuesday after the electric two-wheeler maker's June-quarter loss narrowed to Rs 51 crore from Rs 178 crore a year earlier, signalling improving operating performance.
Revenue from operations soared 88.8% year on year to Rs 1,217 crore. The company's consolidated total income rose 87.2% to Rs 1,260 crore, supported by robust volume growth, calibrated pricing actions and a higher contribution from non-vehicle revenue.