New Delhi, Feb. 2 -- Ather Energy Ltd reported record revenue in the December quarter and inched closer to profitability even as electric two-wheeler penetration fell in the festive quarter after tax cuts on fossil fuel-powered vehicles.

The maker of Rizta electric scooter saw its losses more than halve to Rs.85 crore from a year earlier as its earnings before interest, tax, depreciation and amortization (Ebitda) or operating margin improved by 16 percentage points from -19% to -3% in the third quarter of financial year 2026. Total revenue surged 53% year-on-year Rs.996 crore, driven by a 50% jump in e-scooter sales to 68,000 units during the quarter.

"This is certainly a fairly strong performance by our partners across the country. Dis...