⚡🛵 ETtech Top 5: Ather narrows Q1 losses; VinFast to make in India Also in the letter: ■ IT CEOs' FY25 paychecks ■ Brands go from SEO to GEO ■ Kaynes’ new facility in TN Read the full letter on @ETtech.
Electric two-wheeler maker Ather Energy narrowed its losses to Rs 178 crore for Q1FY26, from Rs 183 crore in the corresponding quarter last year. @AnjaliS92652729 reports #EV #AtherEnergy #Q1FY26 #Q1Results #Q1FY26Results #Q1Profit https://t.co/lliNO0e49M
#AtherEnergy reports its #Q1 earnings: - Net loss at ₹178.2 cr vs loss of ₹183 cr (YoY) - Revenue up 79% at ₹644.6 cr vs ₹360.5 cr (YoY) - EBITDA loss at ₹134.4 cr vs loss of ₹128.4 cr (YoY)
Several Indian companies reported their financial results for the first quarter of fiscal year 2026. Sona BLW posted a net profit decline of 12.2% to ₹124.7 crore from ₹142 crore year-on-year, with revenue falling 4.2% to ₹854 crore and EBITDA decreasing 17.4% to ₹206 crore, resulting in a margin contraction to 24.1% from 28.1%. Ather Energy reported a narrowed net loss of ₹178.2 crore compared to ₹183 crore in the previous year, driven by a 79% increase in revenue to ₹644.6 crore, though EBITDA loss widened slightly to ₹134.4 crore from ₹128.4 crore. Akzo Nobel's net profit dropped 20.6% to ₹91 crore from ₹114.6 crore, with revenue down 4% to ₹995 crore and EBITDA falling 20.4% to ₹134.4 crore, leading to a margin decline to 13.5% from 16.3%. The company’s board also approved a special interim dividend. TTK Healthcare saw a steep 58.9% fall in net profit to ₹13 crore from ₹31.6 crore despite an 8.8% revenue increase to ₹226.4 crore; EBITDA plummeted 60.3% to ₹2.7 crore, with margin dropping to 1.2% from 3.3%. These results reflect mixed performance across sectors, with some companies managing revenue growth amid profitability challenges.