Please find attached the Financial Results for the quarter and Financial year ended March 31, 2026.
ATHERENERG · price
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Ather Energy reported annual revenue of ₹3,671.76 crore for FY26, up 62.8% from ₹2,255.01 crore in FY25. The company continues to incur losses with net loss of ₹516.75 crore for FY26, significantly improved from ₹816.92 crore loss in FY25. For Q4 FY26 alone, revenue was ₹1,174.66 crore (up 73.7% YoY) with a loss of ₹98.24 crore versus ₹237.25 crore loss in Q4 FY25. The statutory auditors Deloitte Haskins & Sells issued an unmodified (clean) opinion. An exceptional item of ₹5.04 crore was recorded due to labour code changes. The company completed its IPO in May 2025 raising ₹2,626 crore, with ₹1,617 crore still unutilised. Rare earth magnet supply disruptions from China's export ban impacted operations, and the company deferred ₹24.52 crore of PM E-DRIVE incentive claims.
The company shows improving operational performance with strong revenue growth and narrowing losses, though still unprofitable. The substantial IPO cash reserves provide runway. Shareholders should note the improving loss trajectory and significant revenue acceleration despite EV sector headwinds.