Shares of electric scooter maker Ather Energy are trading with gains of as much as 6% on Tuesday, November 11, in response to its September quarter earnings that were reported after market hours on Monday.

Ather Energy reported a mixed set of earnings for the September quarter. Higher other income helped the company narrow its losses, even as expenses remained elevated. Revenue growth stayed strong, while market share expansion continued.

Speaking to CNBC-TV18, Tarun Mehta, Co-founder and CEO of Ather Energy, said the company's other income was higher mainly due to treasury gains.

He added that the rare-earth magnet crisis is now behind us. The shortage had impacted revenue by ₹19.2 crore in the second quarter and had an additional ₹5 crore impact at the EBITDA level.

Mehta said Ather'

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