Ather Energy's Q1 loss narrows to ₹178 crore, revenue soars by 79%

Ather Energy's Q1FY26 results show a significant 79% revenue surge, driven by a shift to premium products and expanded retail and charging networks, helping the company narrow losses

Electric two-wheeler maker Ather Energy narrowed its losses to ₹178 crore for the first quarter of the financial year 2026 (Q1FY26) from ₹183 crore in the corresponding quarter last year, whereas the revenue from operations surged by 79 per cent year-on-year to ₹645 crore from ₹360 crore.

 

The company attributed the improvement to a shift towards more premium products in its portfolio, favourable commodity costs, particularly battery cells, and its continued focus on research and development-driven value engineering.

 

Tarun Mehta, executive director and CEO at Ather Energy, said, “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. We 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.” 

 

 

Ather's loss narrowed at a time when rival Ola Electric has been losing market share amid multiple challenges, including thousands of consumer complaints over alleged faulty products that prompted CCPA intervention and a sizable warranty provision, as well as reported glitches in its vehicle registration process following the termination of a vendor partnership during an internal system overhaul.

 

Ather Energy’s market share increased to 14 per cent in Q1FY26 from 8 per cent in Q1FY25. In South India, it held a 22 per cent share, while in middle India, which includes Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh, and Odisha, it more than doubled to 11 per cent year-on-year, driven by retail network expansion.

 

The company sold 46,078 units in Q1FY26, marking an increase of 97 per cent year-on-year, supported by demand for the Ather Rizta and the addition of 95 new experience centres (ECs) during the quarter.

 

After adding 86 ECs in Q4FY25, the network has now expanded to 446 ECs nationwide. The company is using multiple retail formats to suit different regions, aiming to help in reducing breakeven volumes and improve operational efficiency. Ather’s charging network also grew to 4,032 points across India, Nepal, and Sri Lanka, from 3,611 in the previous quarter. 

 

Non-vehicle revenue, which includes offerings such as software, accessories, and services, accounted for 12 per cent of total income. This higher-margin segment helped in boosting overall margins.

 

The results were announced during market hours and markets reacted positively as the stock rose by 14.9 per cent, ending the day’s trade at ₹399.25 apiece on BSE.