Ather Energy delivered a landmark performance in FY26, achieving record volumes of 262,942 units and an all-time high total income of ₹3,823 crore, representing a 66% year-on-year growth. The company significantly improved its financial health, with EBITDA losses narrowing sharply as unit economics strengthened. Expanding its retail presence to 700 experience centres, Ather continues to solidify its leadership in the Indian electric two-wheeler market through strategic distribution and product-led growth.
Record Fiscal Results
For the financial year ended March 31, 2026, Ather Energy reported a robust 66% growth in total income, reaching ₹3,823 crore. The company sold 262,942 units throughout the year, a 69% increase over the previous fiscal period. This growth was bolstered by a record-setting performance in the final quarter, where 83,418 units were delivered, marking a 76% year-on-year increase.
Financial Margin Improvements
The company demonstrated significant progress in its financial stability. The Adjusted Gross Margin (AGM) surged to ₹925 crore for the year, a 116% increase. EBITDA losses narrowed substantially to ₹257 crore from ₹531 crore in the previous year, with the margin improving to (6.7%). This improvement was largely attributed to better operating leverage, disciplined cost management, and the success of non-vehicle revenue streams, which now contribute 13% to the total income.
Expansion and Market Presence
Ather Energy aggressively scaled its physical footprint during the year, ending FY26 with 700 experience centres, doubling its presence from the previous year. The service network also expanded significantly to 548 centers. Customer engagement remains high, with 93% of users opting for AtherStack Pro in the final quarter. The company continues to maintain its leadership in charging infrastructure, providing access to over 6,000 charging points through LECCS.
Future Outlook
Looking ahead, CEO Tarun Mehta highlighted the strategic importance of the company’s new EL scooter platform, which is expected to address a larger segment of the Indian market. Coupled with the upcoming Factory 3.0 at AURIC, Ather is positioning itself for sustained growth and increased manufacturing efficiency as it enters the next phase of its evolution.
Source: BSE
