MAM
Ather powers up revenue, trims losses this quarter
MUMBAI: The Bengaluru-based electric scooter maker, Ather Energy Limited, posted a zippy rise in revenue for the quarter ended 30 September 2025, even as losses narrowed compared with last year’s slowdown.
The company’s revenue from operations surged to Rs 8,989 million from Rs 5,835 million a year ago, reflecting growing demand for its e-scooters. Total income stood at Rs 9,407 million, up from Rs 5,989 million in the same period last year.
Despite the solid topline, Ather reported a loss of Rs 1,541 million for the quarter, an improvement from Rs 1,972 million in the year-ago quarter. The firm attributed the performance to better operating leverage and improved cost efficiencies.
For the half year ended 30 September 2025, revenue jumped to Rs 15,435 million, compared with Rs 9,440 million in the same period of 2024, while losses stood at Rs 3,323 million, down from Rs 3,801 million.
The company, which went public earlier this year, also strengthened its balance sheet, its total assets more than doubled to Rs 44,434 million from Rs 21,006 million as of March 2025, aided by fresh equity from its IPO.
Ather noted that temporary supply disruptions due to China’s export ban on rare earth magnets affected some manufacturing processes, prompting it to defer certain government incentive claims worth Rs 192 million.
The results were approved by the board on 10 November 2025 and reviewed by Deloitte Haskins & Sells, which issued an unmodified report.
With the EV wave accelerating, Ather seems to be fine-tuning its gears, leaning into growth while keeping an eye on the cost curve.
Brands
Raj Cooling Systems launches Agreyas appliances brand
Emraan Hashmi named brand ambassador for consumer appliance push.
MUMBAI: A company known for cooling solutions is now heating up its ambitions in the home appliances market. Raj Cooling Systems Pvt. Ltd. has launched a new consumer appliances brand, Agreyas, marking its entry into India’s rapidly expanding home appliances sector valued at more than Rs 1.5 lakh crore. The move represents a strategic diversification for the company, which has traditionally focused on cooling solutions for residential, commercial and industrial applications. Through Agreyas, the firm plans to tap into growing consumer demand for energy efficient and technology driven household appliances.
To build brand visibility, Agreyas has appointed Emraan Hashmi as its brand ambassador. The campaign has been developed under the banner of Zoommantra Productions, with actor and filmmaker Rohit Roy contributing to the creative direction.
The brand’s initial portfolio will include mid premium air conditioners, washing machines, geysers and other white goods designed to cater to modern Indian households seeking efficient and reliable appliances.
Raj Cooling Systems, founder and chairman Kalpesh Ramoliya said the launch aligns with the company’s broader expansion plans.
“The launch of Agreyas is in line with our vision to build a strong presence in India’s consumer electronics and home appliances market. The brand has been developed as a standalone identity to meet the evolving needs of Indian consumers,” he said.
Hashmi said the collaboration comes at a time when Indian buyers are increasingly looking for innovative and functional home solutions.
“I’m looking forward to working with Agreyas at a time when consumers are seeking more innovative and efficient home products. The brand reflects changing consumer behaviour around functionality, innovation and ease of use,” he said.
Raj Cooling Systems plans to invest around 10 million dollars in developing the brand, with an additional 5 million dollars earmarked over the next three to five years for product development and distribution expansion.
Agreyas will follow a multi channel distribution approach, selling through online platforms, retail outlets and dealer networks aimed at both urban and semi urban markets across India.
With the launch, the company is positioning Agreyas as a standalone consumer facing brand while continuing to leverage its existing manufacturing, engineering and research capabilities built through its core cooling solutions business.
