Ather Energy on August 4 reported a net loss of Rs 178 crore for the April-June quarter of FY26. This is nearly 3 percent lower than the Rs 183 crore net loss reported in the corresponding quarter of the previous financial year.
The firm's revenue from operations meanwhile surged nearly 79 percent on-year to Rs 645 crore in Q1 FY26. It had earlier reported revenue from operations at Rs 360.5 crore in Q1 FY25.
Ather Energy's expenses jumped more than 54 percent to Rs 851 crore in Q1 FY26, from Rs 551 crore in Q1 FY25. EPS improved to - Rs 5 per share, as against - Rs 7 per share in the year-ago period.
The electric bike maker said that it sold 46,000 units during the quarter under review, marking a 97 percent on-year jump from the same period last year. EBITDA margin meanwhile rose 1,700 bps YoY to 16 percent in Q1 FY26, from negative 33 percent in Q1 FY25.
"We have had a phenomenal start to this financial year, led by Rizta’s success and a strong expansion of our retail footprint. We were No.1 by market share in South India this quarter and are now scaling up quickly across Middle India, which has ramped up faster than expected. Over the next quarters, there will be a larger footprint expansion in the Northern markets. This quarter saw significant growth in our margins, demonstrating our strong focus on profitability. Even as we expand pan-India, our ASP has held steady, and our market share continues to grow," said Tarun Mehta, Executive Director and CEO at Ather Energy.
The shares of the company sharply gained more than 13 percent to hit a fresh 52-week high of Rs 392 apiece after the results were released.
The shares had made a subdued market debut in May this year, listing with a 2 percent premium over the issue price at Rs 328 apiece. The stock has gained nearly 25 percent since then.
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