| Management target | Revenue FY28 |
|---|
| Revenue growth | Wholesale volume up 81% YoY; Retail registrations up 102% YoY. |
|---|---|
| Margins | First positive EBITDA (0.8%); 22.4% Adjusted Gross Margin despite commodity hits. |
| Order book | 50,000 monthly preorders; dealer inventory down to 3 days. |
| Demand visibility | Strong; inquiries up 95%, preorders hit record 1.5 lakh in Q1. |
| Management confidence | Bullish on demand; war chest ready for fast-tracking AURIC Phase-2. |
Growth
Wholesale volumes grew 81% to 83k units; retail registrations grew 102% to 90k units YoY. Middle India retail sales grew 141%.
Outlook
Targeting 14.2 lakh annual capacity. EL platform launch this month; AURIC Phase-1 going live in Q3 FY27. ₹2,500 crore total fundraise.
Risks
Commodity cost escalation (index up 46% over 5 quarters) led to a 5.6% gross margin drop to 22.4% AGM.
Last quarter's promises, checked
Delivered
- Guided 35k/mo capacity utilization → delivered 90-95% (= BEAT)
- Guided 1500-1600bps EBITDA improvement → delivered 2000bps Q4 improvement (= BEAT)
- Guided 700 stores by March '26 → delivered 700 stores (= BEAT)
Partly delivered
- Guided EL launch by end of year → delivered unveiling Aug 29 / trials started (= PARTIAL)
- Guided first positive EBITDA in coming years → delivered ₹9cr (0.8%) in Q1 FY27 (= BEAT)
Missed
- Guided commodity costs to remain inflated → delivered 46% index spike hit Q1 margins (= MISS)
Investor Presentation filed with BSE, NSE: ATHERENERG. Summary written with AI assistance from 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.
More from Ather Energy Ltd
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- Value
- ₹2.02 Cr
Ather Energy Merger & Restructuring
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- Key figure
- Net loss ₹51.1 Cr
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