Ather Energy Q2 FY26: Revenue up 57% YoY, market share rises to 17.4%

Mgmt Guided Margin ImprovementInvestor Communications View source PDF Explain this filing

ATHERENERG · price

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Price reactionminutes from the announcement price · days from the prior close

+4.6%Reaction day

₹624.00

prior close

₹640.00

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%+4.8% vs market

2/3 Wheelers peers, median of 7sector-0.3%+5.0% vs sector

On the reaction day the stock moved 4.8 pts more than Nifty Smallcap 250 and 5.0 pts more than its 2/3 Wheelers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Ather Energy posted its highest ever quarterly revenue of 940.7 crore in Q2 FY26, up 57% YoY. Volumes grew 67% to 65,595 units, pushing market share to 17.4% from 12.1% a year ago. EBITDA margin improved about 1,100 basis points YoY to negative 10%, with EBITDA loss narrowing to 90.7 crore. Adjusted gross margin hit 22%, up 300 basis points. Net loss stood at 154.1 crore. The firm added 78 new experience centres this quarter, taking the total network to 524. South India share rose to 25%, Middle India emerged as the fastest growing region at 14.6%.

Likely market impact

Strong revenue, volume and market share growth with margin improvement signal steady progress toward profitability, though losses persist.