Ather Energy has announced its audited financial results for the fiscal year ended March 31, 2026. The company reported a total income of ₹3,823.08 crore, up from ₹2,305.22 crore in the previous year. While the firm recorded a net loss of ₹516.75 crore for the year, it also successfully concluded its initial public offering (IPO) during the period, raising significant capital to drive its ongoing factory expansion and R&D initiatives.
Financial Performance Highlights
For the fiscal year ending March 31, 2026, Ather Energy demonstrated significant revenue growth, with revenue from operations climbing to ₹3,671.76 crore, compared to ₹2,255.01 crore in the prior year. The company’s total income reached ₹3,823.08 crore. Despite operational expansion, the company reported a net comprehensive loss of ₹516.75 crore for the full year.
Strategic Capital Utilization
A key milestone for the company during the year was the successful completion of its initial public offering (IPO), which raised ₹2,626.00 crore through a fresh issue of shares. As of March 31, 2026, the company has utilized ₹1,008.93 crore of these proceeds, primarily towards the establishment of a new E2W manufacturing factory in Maharashtra and increased investments in research and development.
Operational and Corporate Developments
The company continues to focus on long-term growth and supply chain resilience. During the year, the Board of Directors approved the incorporation of two Wholly Owned Subsidiaries: a Corporate Agent to streamline insurance offerings for customers, and a Hong Kong-based entity to enhance critical procurement functions and supply chain stability within the Asia-Pacific (APAC) region.
Auditor Re-appointment
Following a recommendation from the Audit Committee, the Board of Directors has approved the re-appointment of M/s. Deloitte Haskins & Sells as the company’s Statutory Auditors. This appointment is for a second term of five consecutive years, covering the period from the conclusion of the 13th Annual General Meeting through the conclusion of the 18th Annual General Meeting, pending final approval from shareholders.
Source: BSE
