Ather Energy Ltd

Ather Energy Reports Strong Growth 📈: 76% YoY Revenue Jump & Margin Expansion

• Q4 FY26 total income: ₹1,214 crore (76% YoY growth)

• Full-year FY26 income: ₹3,823 crore (66% YoY growth)

• 83,000 wholesale units sold in Q4 FY26 (76% YoY increase, 23% QoQ growth)

• Monthly registrations reached 35,700 in March 2026 (excluding Telangana)

• Over 2.5 lakh Rizta units sold within 21 months of launch

• EBITDA margin improved to 2.5% in Q4 FY26 (2,080 basis points YoY increase)

• Adjusted gross margin: 25% in Q4 FY26 (700 basis points YoY increase)

• Adjusted gross margin: 24% for FY26 (500 basis points YoY increase)

• Revenue per unit decreased to ₹121,386 in FY26 from ₹128,295 in FY25

• Cost of goods sold per unit reduced by 9% year-over-year

• EBITDA loss of ₹257 crore (7% margin) in FY26 vs ₹531 crore (23% margin) in FY25

• Network expanded to 700 experience centers and 548 service centers as of March 2026

• Over 6,000 charging points operational by March 2026

• Market share grew to 18.6% in Q4 FY26 and 17.4% for the full year

• Filed 643 patents by March 2026, including 283 in FY26

• Factory 3.0 Phase-I set to commence in Q3 FY27, aiming for 10 lakh unit capacity across phases