ATHERENERGNSEAther Energy LimitedHighNeutral
Announced Mon, 4 May · 12:11 IST

Ather Energy Limited has informed the Exchange on a press release regarding Audited financial results for the quarter and financial year ended March 31, 2026 dated May 04, 2026

Revenue Growth 20pctEbitda Margin ExpansionPat NegativeRelated Party TransactionsResults View source PDF

ATHERENERG · price

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AI summary

Ather Energy reported its strongest-ever performance in FY26 with record quarterly volumes of 83,418 units in Q4, up 76% YoY, and full-year volumes of 2,62,942 units, up 69% YoY. Total income reached ₹3,823 crore in FY26, up 66% YoY, while Q4 income was ₹1,214 crore, up 76% YoY. Adjusted Gross Margin expanded significantly to ₹925 crore in FY26 (24% of income, up ~500 bps) and ₹309 crore in Q4 (25%, up ~700 bps). EBITDA losses narrowed sharply to ₹257 crore in FY26 from ₹531 crore in FY25, with Q4 EBITDA loss of just ₹30 crore at a margin of (2.5%), a ~2,080 bps improvement YoY. The company doubled its retail network to 700 Experience Centres and maintained strong software adoption with 93% of Q4 customers opting for AtherStack Pro.

Likely market impact

Ather Energy shows strong operational improvement with shrinking losses and margin expansion, though the company remains EBITDA and PAT negative. The 66% revenue growth and improving unit economics signal growing scale efficiency, but investors should note losses still total ₹517 crore for FY26.