Ather Energy Reports Maiden Quarterly Profit on Higher Sales
Ather Energy reported net profit of 15 million rupees for the quarter ended September 30, compared with a loss a year earlier. Shares rose 10%.
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09:23:39 AM UTC
SquawkNews
Shares of electric two-wheeler manufacturer Ather Energy Ltd. surged as much as 10% on Monday, October 26, after the company turned positive on the Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) front and the Net Profit front as well.Ather Energy reported a net profit of ₹1.2…
Indian electric scooter maker Ather Energy NSE:ATHERENERG reported its maiden profit in the second-quarter on Monday, sending shares up 10%.The Rizta electric scooter maker reported a net profit of 15 million rupees ($157,546.48) for the quarter ended September 30, compared with a loss of 1.54 bill…