Ather Energy reported its best-ever annual and quarterly sales figures on Monday, with FY26 volumes rising 69 per cent year-on-year to 2,62,942 units and Q4 volumes hitting a record 83,418 units, up 76 per cent yoy. Despite the strong operational showing, the Bengaluru-based electric scooter maker’s stock fell 2.25 per cent to ₹913.85 on the NSE by midday, shedding ₹21 from its previous close of ₹934.85.
Total income for FY26 came in at ₹3,823 crore, up 66 per cent yoy, marking the company’s highest-ever annual revenue. Q4 FY26 revenue stood at ₹1,214 crore, also up 76 per cent yoy. Adjusted Gross Margin for the full year more than doubled to ₹925 crore, with margins expanding approximately 500 basis points to 24 per cent of total income.
EBITDA losses narrowed sharply to ₹257 crore in FY26 from ₹531 crore in FY25, a roughly 1,630 basis point margin improvement. In Q4 alone, EBITDA margin reached (2.5 per cent), improving nearly 2,080 basis points yoy, bringing the company closer to operational breakeven. Net loss for FY26 narrowed to ₹517 crore from ₹812 crore in FY25.
Ather’s market share climbed to 18.6 per cent nationally, supported by the Rizta family scooter and a doubling of its retail network to 700 Experience Centres. The company also expanded its service network to around 548 centers and its charging infrastructure to over 6,000 fast-charging points.
The stock, listed on NSE since May 6, 2025, has risen roughly 24 per cent year-to-date and trades near its 52-week high of ₹971.15 hit last week. Total market capitalization stood at approximately ₹35,000 crore at the time of reporting.
Published on May 4, 2026