Ather Energy has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a revenue of ₹3,671.76 crore for the full financial year. Alongside the financial performance, the Board of Directors has approved the re-appointment of Deloitte Haskins & Sells as the Statutory Auditors for a second five-year term, covering the period from the 13th to the 18th Annual General Meeting.
Annual Financial Performance
For the financial year ended March 31, 2026, Ather Energy recorded a total income of ₹3,823.08 crore, showing significant growth from the previous year. The company reported a net loss of ₹516.75 crore for the year. For the final quarter (Q4: Jan-Mar), the company generated revenue from operations of ₹1,174.66 crore.
Strategic Developments and IPO Utilization
During the year, the company successfully completed its Initial Public Offer (IPO), raising funds to support various growth initiatives. As of March 31, 2026, ₹1,008.93 crore of the total ₹2,626.00 crore raised has been utilized. Key areas of deployment include the establishment of an E2W factory in Maharashtra, research and development, and marketing initiatives.
Governance and Auditor Appointment
The Board of Directors, upon the recommendation of the Audit Committee, has re-appointed Deloitte Haskins & Sells as the Statutory Auditors of the company. This appointment is for a second term of five consecutive years, starting from the conclusion of the 13th Annual General Meeting and extending through to the 18th Annual General Meeting, subject to shareholder approval.
Operational Outlook
The company continues to focus on supply chain resilience and expanding its operational footprint. Recent initiatives include the planned incorporation of two wholly-owned subsidiaries: one to facilitate insurance services for customers and a Hong Kong-based entity to bolster procurement functions within the Asia-Pacific (APAC) region.
Source: BSE
