Ather Energy narrows losses in Q2FY26 as revenue rises 54% year-on-year

Electric scooter maker Ather Energy reported a rise in revenue from operations to Rs 898 crore for the quarter ended September 30, 2025, a 54% increase from Rs 583 crore in the same period last year. Sequentially, revenue was up 39% from Rs 644 crore in the June 2025 quarter, driven by higher deliveries and festive demand.

As a result, Ather’s net loss for the quarter stood at Rs 154 crore, narrowing from a loss of Rs 197 crore in the same quarter last year. On a sequential basis, losses also declined from Rs 178 crore in the June quarter. Total income stood at Rs 941 crore, up from Rs 599 crore in the year-ago period.

Total expenses increased 37% YoY to Rs 1,095 crore, led by higher raw material costs of Rs 736 crore. Employee benefit expenses were stable at Rs 114 crore, while other expenses climbed to Rs 187 crore from Rs 128 crore a year earlier.

In comparison, rival Ola Electric Mobility Ltd reported a narrower consolidated net loss of Rs 418 crore for Q2 FY26, against a loss of Rs 495 crore in the corresponding period last year.