Ather Energy Limited has informed the Exchange about Transcript
ATHERENERG · price
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Ather Energy reported a strong Q1 FY26 with unit sales of 46,000, nearly doubling year-on-year, and total income of INR672 crores, up 83% YoY. Adjusted gross margins hit 23% (up from a 19% average last year) and EBITDA losses narrowed sharply from -33% to -16%, a 1700 basis point improvement, aided by 7% lower COGS and strong non-vehicle revenue (12% of total). Electric two-wheeler market share rose to 14.3% from 7.6% a year ago, with Ather becoming the #1 player in South India at 22.8% share. The company added 95 stores in the quarter (now at 446), is preparing to unveil its lower-cost EL scooter platform on August 30, and is targeting next-year go-live for its Factory 3.0 in Aurangabad. Management flagged a small Q2 supply impact (around a week) from rare-earth magnet restrictions but said it is well-positioned to navigate the issue.
Strong across the board: double-digit volume growth, market share gains, and meaningful margin expansion point to operating leverage kicking in, which is positive for the stock. Near-term watchpoints are rare-earth supply tightness in Q2 and higher wage costs as headcount expands.