IPO-bound EV major Ather Energy managed to reduce its net loss for the nine-months ended December 2024 by 25.56% to INR 577.9 Cr from INR 776.4 Cr in the year-ago period.

The company disclosed the financials for the first three quarters of FY25 in its red herring prospectus filed with SEBI today. The , which will be open for public bidding from April 28 to April 30.

Ather’s revenue from operations zoomed 28.32% to INR 1,578.9 Cr in the three quarters of FY25 from INR 1,230.4 Cr in the same period last year.

Meanwhile, total expenses rose 11.7% to INR 2,195.3 Cr during the period under review from INR 1,855.5 Cr in the nine months ended December 2023.

(The story will be updated soon.)

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