Ather Energy Ltd

Ather Energy FY26: Revenue Up 66% 📈 | Retail Network Doubled to 700 Centers ⚡

• Total income for FY26 was ₹3,823 crore, up 66% year-over-year

• Adjusted Gross Margin (AGM) for FY26 was ₹925 crore, up 116% year-over-year, with margin improving to 24%

• EBITDA loss reduced to ₹257 crore in FY26 from ₹531 crore in FY25, with margin improving from -23% to -6.7%

• EBITDA margin in Q4 FY26 improved to -2.5%, a 2,080 basis points improvement year-over-year

• Record quarterly volumes of 83,418 units in Q4 FY26, up 76% year-over-year

• Annual volumes reached 262,942 units in FY26, up 69% year-over-year

• Market share climbed to 18.6% in FY26, with South India leading at 23.5% in Q4

• Retail network expanded to 700 Experience Centres, doubling from FY25

• Charging network grew to over 6,000 fast charging points, the largest for two-wheelers in India

• Non-vehicle revenue contributed 13% to total income in FY26

• Rizta scooter platform drove market share gains, especially in Middle India (17.3% in Q4 FY26)

• Company highlighted focus on new scooter platform EL and Factory 3.0 for future growth