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Earnings Call

Ather Energy Earnings Call: Key Takeaways

Ather Energy reports FY26 revenue of ₹3,823 Cr (+66% YoY) and Q4 market share of 18.6%. Strategy focuses on network expansion (700 centers) and cost reduction via the new EL platform and Factory 3.0.

Highlights
Revenue growth66% YoY for FY26; 76% YoY for Q4 FY26.
MarginsAdj. Gross Margin at 24% (FY26); EBITDA margin improving.
Demand visibilityStrong, specifically in Middle India and with Rizta model.
Management confidenceHigh; citing breakthrough year and significant market share gains.

Growth

FY26 units sold at 263k (+69% YoY). Total Income ₹3,823 Cr (+66% YoY). Q4 EBITDA margin improved 2080 bps YoY.

Outlook

Factory 3.0 at AURIC (10 lakh capacity) starts Q3 FY27. Targeting expansion via new EL-platform scooters.

Risks

Near-term headwinds from commodity price inflation (+41% aluminum, +103% precious metals) and supply chain volatility.

Source

Earnings Call filed with BSE, NSE: ATHERENERG. Summary written with AI assistance from the document.

Read the document ↗

Ather Energy Ltd: key numbers

Share price
₹1,497.00
Market cap
₹59,372 Cr
Revenue (annual)
₹3,672 Cr
Net profit (annual)
₹-517.2 Cr
P/E (TTM)
-152.3×Sector 33.6×
Promoter holding
39.58%-1.19% QoQ
FII holding
16.77%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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18:12 IST NSE
Merger & Restructuring

Ather Energy Merger & Restructuring Worth ₹2.02 Cr

Ather Energy Limited is incorporating a wholly-owned subsidiary, Ather Energy Hong Kong Limited, for Rs.2.02 Crore. The entity will support supply chain procurement in the APAC region.

Value
₹2.02 Cr
18:04 IST NSE
Merger & Restructuring

Ather Energy Merger & Restructuring

Ather Energy Limited incorporated a new Wholly Owned Subsidiary, 'Ather Energy Hong Kong Limited', in Hong Kong to support its Asia-Pacific procurement functions.

18:18 IST NSE
Employee Stock Options

Ather Energy Employee Stock Options

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