Ather Energy Limited has informed the Exchange about Investor Presentation
ATHERENERG · price
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Ather Energy reported strong Q1 FY26 results with 46,078 units sold, up 97% year-on-year though down 3% quarter-on-quarter. Total income rose 83% YoY to ₹6,729 Mn, while adjusted gross margin expanded sharply to 23% (+400 bps YoY, +500 bps QoQ), and adjusted gross margin without incentives reached 20% (+700 bps YoY). EBITDA margin improved 1,700 bps YoY to (16%), though the company still posted a loss of ₹1,782 Mn. Pan-India market share grew from 7.6% to 14.3% YoY, with leadership in South India at 22.8%. R&D spending was ₹890 Mn (45% of workforce), the charging network expanded to 4,032 points, and store count is on track to reach 700 by FY26. Cost reduction came from lower cell prices, value engineering, and successful premium accessories attach.
The presentation highlights significant operating leverage and margin trajectory improvement, which is positive for sentiment despite ongoing losses. However, the stock remains loss-making, so the margin story is one of path-to-profitability rather than current earnings power. Investors should weigh strong growth and market share gains against continued cash burn.