Ather Energy Limited has informed the Exchange regarding a press release dated August 04, 2025, titled "Ather Energy Reports 97% YoY Volume Growth in Q1 FY26; Margins and Market Share Strengthen Further".
ATHERENERG · price
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Awaiting price reaction for this filing.
Ather Energy reported a strong start to FY26 with 97% year-on-year volume growth, selling 46,078 electric scooters in Q1 FY26, driven by demand for the Ather Rizta and aggressive retail expansion. Total income rose 83% YoY to ₹672.9 crore, with non-vehicle revenue (software, accessories, service) contributing 12% of the top line. Margins improved sharply: Adjusted Gross Margin grew 117% YoY to ₹154.8 crore, gross margin excluding incentives rose to 20% (up ~700 bps), and EBITDA margin narrowed to -16%, improving by ~1,700 bps, with EBITDA losses shrinking to ₹106 crore. Net loss for the quarter stood at ₹178.2 crore. National market share nearly doubled to 14.3% from 7.6% a year ago, with Ather retaining the No. 1 position in South India (22.8% share) and growing 2.6x in Middle India to 10.7% share.
Positive for shareholders — strong revenue and volume growth, rapid margin improvement, and a clear path to profitability signal improving business fundamentals. However, the company remains loss-making, so sustained execution and further scale will be key to closing the gap to breakeven.