Highlights
Ather Energy’s Strong Performance in FY26
Electric two-wheeler manufacturer Ather Energy has recorded remarkable growth in the last quarter of FY26, with operating revenue increasing by 74% compared to the previous year. Additionally, the losses for the Bengaluru-based firm decreased by 57%. According to the quarterly report from the National Stock Exchange (NSE), Ather’s operational revenue surged to Rs 1,175 crore in Q4 FY26, up from Rs 676 crore in Q4 FY25.
Revenue and Earnings
The sale of electric two-wheelers and associated services continues to be Ather Energy’s primary income source, although the firm has not provided a detailed earnings breakdown. In the last quarter, approximately 79,251 vehicles were sold. Furthermore, the company reported Rs 39 crore from non-operational revenue, leading to a total income of Rs 1,214 crore for the quarter.
Fiscal Year Overview
For the entire fiscal year FY26, Ather posted a 63% increase in operating revenue compared to the previous year, while losses were reduced by nearly 37%, amounting to Rs 517 crore compared to Rs 817 crore the prior year.
Cost Structure
The company’s material costs, primarily driven by the procurement of batteries and components, constituted 69% of total expenses, rising by 61% year-on-year to Rs 905 crore in Q4 FY26. Employee benefit expenses also saw an increase of 17%, reaching Rs 127 crore, compared to Rs 109 crore during the same period last year.
Total Costs
Factors such as depreciation, amortisation, legal fees, advertising, and other overheads contributed to raising the company’s total costs to Rs 1,314 crore in Q4 FY26, an increase from Rs 922 crore in Q4 FY25.
As Ather expanded its electric two-wheeler sales and strengthened its market presence, its operating revenue climbed 74%, exceeding expense growth and helping reduce losses by 57% to Rs 100 crore in Q4 FY26. Data from Vahan indicates that Ather Energy held onto its third position in April, despite a 20% drop in registrations, tallying 27,024 units against 36,136 in March.
As of 11:42 PM today, the company’s shares were trading at Rs 927.25 each, boasting a market capitalisation of Rs 35,495 crore ($3.73 billion).
