Ather Energy Limited · NSE:ATHERENERG
Ather Energy — Q4 FY25 Earnings Presentation
12 slides from Ather Energy's earnings presentation, May 12, 2025
Slide 1: Cover letter to stock exchanges for investor presentation
May 12, 2025 To To National Stock Exchange of India Ltd BSE Limited Exchange Plaza, 5th Floor, C-1, Block G, 1st Floor, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E), Mumbai 400051 Dalal Street Mumbai – 400001 Scrip Code: ATHERENERG Script Code: 544397 Dear Sir/ Madam, Sub: Investor Pre
Slide 2: Earnings Call Q4FY25 & FY25
Earnings Call Q4FY25 & FY25 12 May 2025 STRICTLY PRIVATE AND CONFIDENTIAL
Slide 3: Financial Highlights
Financial Highlights Financial Year 2024 - 2025 Q4FY25 vs Q4FY24 155k 23,052 Mn 47.4k Units sold Total Income Units sold +42% YoY +29% YoY +35% growth 4,284 Mn Adjusted Gross Margin1 19% Adjusted Gross Margin %2 6,878 Mn Total Income +172% YoY +1000 bps YoY improvement +28% growth (23%) EBITDA % 12%
Slide 4: Operational Highlights of FY25
Operational Highlights of FY25 351 Experience Centers 1 +143 added in FY251 3,611 Charging points 2 +1,128 added in FY25 Rizta | Halo | Halo bit Ather Gold New products launched and delivery commenced Service Centers launched International Expansion to released Sri Lanka Note: 1. In India; 2. Fast c
Slide 5: Ather delivered a strong growth in FY25
Ather delivered a strong growth in FY25 Ather volumes Ather’s quarterly volumes in FY25 Units sold, in ‘000s 47,411 45,252 42% 39,305 155 109 23,426 FY24 FY25 Q1FY25 Q2FY25 Q3FY25 Q4FY25 4
Slide 6: Ather established market leadership in the south
Ather established market leadership in the south 25 15 India1 South1 13.3% #1 in market share2 22.4% 21.7% 11.9% 11.9% 19.5% 12 20 9 15 13.6% 7.4% 6 10 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Note: 1. Market share based on Vahan portal data (excludes Telangana state registrations); 2. In Q4FY25 5
Slide 7: Strong gross margin growth on the back of COGS reduction
Strong gross margin growth on the back of COGS reduction COGS3 per unit reduction Adjusted gross margin % improvement COGS3 per unit, INR 19% reduction 20% 19% 148,918 15% Adjusted gross margin % 12% 120,777 10% 9% 5% 0% (5%) (6%) (10%) FY24 FY25 FY24 FY25 Adjusted gross margin1 Adjusted gross margi
Slide 8: Atherstack continues to see high adoption
Atherstack continues to see high adoption 4.4/5 88% 6% Rating on android app E2W users who purchase Revenue from Atherstack1 Atherstack1 Note: 1. In FY25 7
Slide 9: Rapid distribution expansion with a focus on non-south markets
Rapid distribution expansion with a focus on non-south markets Addition of stores every quarter 3511 69% +86 Growth in number of stores Capacity to add Majority of stores in +34 2 stores per day non-south region +13 +10 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Note: 1. In India 8
Slide 10: Financial Performance - Overview
Financial Performance - Overview Particulars Q4 FY24 Q4 FY25 FY24 FY25 155,394 109,577 Vehicle sales volume 47,411 35,244 23,052 17,891 Total income (INR mn) 5,354 6,878 18% 19% Adjusted Gross Margin (%) 9% 9% EBITDA Margin (%) (23%) (23%) (42%) (36%) 9
Slide 11: Key Performance Indicators
Key Performance Indicators As at and for the year ended As at and for the year ended Particulars Unit 31 Mar 2025 31 Mar 2024 Vehicle sold Numbers 155,394 109,577 YoY growth of Vehicles sold % 42% 19% Revenue from operations INR Mn 22,550 17,538 YoY growth of Revenue from operations % 29% (2%) Adjus
Slide 12: ATHER
ATHER