Ather rides to profit; Pronto's US AI play
Ather Energy swung to profit in the July-September quarter. This and more in today’s ETtech Top 5.
Ather Energy turned profitable in the July-September quarter, marking a significant turnaround for the electric two-wheeler maker. Net profit reached Rs 1.26 crore, a stark contrast to a loss of Rs 154.07 crore in the same period last year. Revenue from operations saw a 63% increase to Rs 1,464.24 crore, while Ebitda turned positive at Rs 11.3 crore, after a loss of Rs 133 crore the previous year. This positive financial performance resulted in a 19% surge in Ather Energy shares, closing at Rs 1,574 on the BSE.
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