BattRE Reports 18% Growth Despite Unchanged Profits

BattRE, an Indian electric scooter manufacturer, reported an 18% revenue increase in FY24, rising to Rs 102.5 crore from Rs 87 crore in FY23. However, profits remained unchanged at Rs 50 lakhs. The company's expenses grew by 17%, with material and employee costs rising. Despite challenges, BattRE's operational efficiency remained strong, and it continues to explore growth in the e-cycle market, aiming for a sustainable future.