BUSINESSCNBC-TV18 Markets · 2 hours agoLive
Ather Energy Q2 Results: Stock jumps 17% after turning profitable; Volumes aid topline gowth
Reported by CNBC-TV18 Markets, not nibnow. We are not the publisher of this story, only the source is.
WHY IT MATTERS
Ather Energy transitioned from a significant net loss to a net profit, driven by strong sales volumes that boosted its topline growth.
WHAT HAPPENED
Ather Energy reported a net profit of ₹1.26 crore compared to a net loss of ₹154 crore during the same period last year. EBITDA during the quarter was also a positive ₹11.3 crore, compared to an EBITDA loss of ₹133 crore in the base quarter.
KEY CONTEXT
Achieving profitability and positive EBITDA are key milestones for growth stage companies, indicating improved operational efficiency and market demand.
WHAT TO WATCH
- •Whether the company can sustain its profitability in upcoming quarters.
- •Trends in sales volumes for electric two wheelers.
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