ATHERENERG · Automobile and Auto Components
Ather Energy Ltd. reported revenue of ₹361 cr for April to June 2024, — on the year and −31.1% on the quarter.
Operating profit (EBITDA) was −₹128 cr, a margin of −35.6%, — on the year and +995 bps on the quarter.
The net loss was ₹183 cr, with earnings per share of −₹61.17.
A vehicle maker's revenue is volumes times average price, and its margin moves with steel, aluminium and rubber costs and with the share of exports and premium models. The quarterly statements do not carry volumes, realisation per vehicle and the export share; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Other income carrying profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹523 cr | ₹361 cr | ₹584 cr | ₹635 cr | ₹676 cr | ₹645 cr | ₹899 cr | ₹954 cr | ₹1,175 cr | ₹1,217 cr | ₹1,464 cr |
| YoY | — | — | — | — | +29% | +79% | +54% | +50% | +74% | +89% | +63% |
| EBITDA margin | −45.6% | −35.6% | −23.9% | −22.2% | −25.5% | −20.8% | −14.7% | −7.5% | −5.9% | −2.7% | 0.8% |
| Other income, % of PBT | — | — | — | — | — | — | — | — | — | — | 4,178% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | — | — | — | — | — | — | — | — | — | — | 0% |
| Net profit | −₹283 cr | −₹183 cr | −₹197 cr | −₹198 cr | −₹234 cr | −₹178 cr | −₹154 cr | −₹84.6 cr | −₹100 cr | −₹50.9 cr | ₹1.5 cr |
| YoY | — | — | — | — | — | — | — | — | — | — | — |
| Core profit YoY | — | — | — | — | — | — | — | — | — | — | — |
| EPS | −₹94.75 | −₹61.17 | −₹64.01 | −₹64.21 | −₹8.06 | −₹4.79 | −₹4.05 | −₹2.22 | −₹2.62 | −₹1.33 | ₹0.04 |
| Flags | · | · | · | · | ✓ | ✓ | ✓ | 1 | ✓ | 1 | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Ather Energy Ltd. reported revenue of ₹361 cr (— on the year) and net profit of −₹183 cr (— on the year) for April to June 2024.
None of the 1 checks that could run raised a question.
No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.
Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.