Ather Energy announced strong Q2 FY26 results, with revenue reaching ₹9,407 Mn, a 57% YoY increase. Unit sales grew by 67% YoY. The company’s market share reached 17.4% nationwide and continues to dominate in South India. Ather is rapidly expanding its network and product offerings, including new variants and ‘Battery as a Service’. EBITDA margin improved by 1100 bps YoY.
Financial Performance in Q2 FY26
Ather Energy has demonstrated substantial growth in Q2 FY26, marked by impressive financial achievements:
- Total Income: Increased to ₹9,407 Mn, reflecting a 57% year-over-year growth and 40% quarter-over-quarter.
- Units Sold: Reached 66,000 units, a 67% YoY increase and 42% QoQ growth.
- Adjusted Gross Margin: Achieved ₹2,106 Mn, with an 84% YoY increase. Adjusted Gross Margin percentage stood at 22%.
- EBITDA Margin: Improved significantly to (10%), a +1,100 bps YoY improvement.
Market Share and Expansion
Ather Energy has significantly expanded its market presence:
- Market Share: Achieved a 17.4% market share nationwide.
- Continued market leadership in South India.
- Strong growth observed in key states across India.
- Rapidly scaling its national presence, with Experience Centers (ECs) expected to reach 700 by the end of FY26.
Product Innovation and Brand Enhancement
Ather Energy continues to innovate and strengthen its brand:
- Launched new product variants of 450 and Rizta with higher range.
- Introduced ‘Battery as a Service’.
- Hosted Ather Community Day ’25, unveiling the EL Platform and AtherStack 7.0.
- Launched Next-gen Charging.
Key Performance Indicators for H1 FY26
The company has also provided key performance indicators for the first half of FY26:
- Vehicles Sold: 111,673 units.
- Revenue from Operations: ₹15,435 Mn.
- Adjusted Gross Margin: 23%.
Source: BSE
