Ather Energy Q1 FY 2026-27 Results: Net Loss Narrows 71% To ₹51 Crore As Revenue Nearly Doubles; Shares Rise Over 3%
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Ather Energy nearly doubled its revenue in the June quarter as improving sales helped narrow losses and reduce EBITDA burn. Investors also tracked the company's expansion plans, including the launch of its upcoming EL scooter and capacity ramp-up at its Hosur plant.
Ather Energy Q1 FY 2026-27 Results: Electric two-wheeler maker Ather Energy reported a consolidated net loss of ₹51.09 crore for the first quarter of FY 2026-27, sharply lower than the ₹178.2 crore loss reported in the corresponding quarter last year, as strong sales growth helped nearly double revenue. The company announced its June-quarter results on Monday, August 3.
Revenue from operations rose 88.8% year-on-year to ₹1,216.92 crore from ₹644.58 crore, while total income increased to ₹1,259.65 crore from ₹672.91 crore a year earlier. On a sequential basis, revenue grew 4%.
The company's EBITDA loss narrowed sharply to ₹33.4 crore from ₹134.3 crore in the year-ago period, reflecting improving operating leverage as volumes increased. Total expenses for the quarter rose to ₹1,310.74 crore from ₹851.14 crore a year earlier, primarily due to higher manufacturing and operating costs.
Ather Energy Q1 FY 2026-27 Results: Key Highlights
During the quarter, Ather incorporated a wholly-owned subsidiary, Ather Insurance Limited (AIL), which is in the process of applying to the Insurance Regulatory and Development Authority of India (IRDAI) to operate as a corporate agent for insurance products.
The company also completed a ₹1,300 crore Qualified Institutional Placement (QIP) earlier this month by issuing 1.08 crore equity shares at ₹1,202 apiece.
On the product front, Ather said homologation of its upcoming EL scooter was completed during the June quarter and commercial production at its Hosur manufacturing facility is scheduled to begin in the second quarter of FY27 ahead of its planned launch at Ather Community Day in August. The company said it plans to gradually scale production capacity at the facility to 60,000 vehicles per month.
Ather reiterated that it continues to focus on expanding its product portfolio and manufacturing capacity to support long-term growth in India's electric two-wheeler market.
Ather Energy Share Price
Ather Energy shares rose as much as 3% after the company announced its June-quarter earnings.
At around 3:15 pm, the stock was trading at ₹1,271.95, up 0.96% on the BSE after touching an intraday high of ₹1,287.90 as investors reacted positively to the sharp improvement in profitability and strong revenue growth.
This is a developing story and will be updated as more details emerge.
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