Ather Energy Sees Narrowed Q4 Net Loss of Rs 100 Crore Amidst Significant Revenue Surge.

Ather Energy’s recent financial performance has undoubtedly placed the company in a favorable light as it prepares for trade on Tuesday. The electric vehicle (EV) manufacturer reported a net loss of Rs 100 crore for the March quarter of FY26, reflecting a considerable improvement of 57% compared to a loss of Rs 234 crore in the same period last year. Notably, revenue from operations surged to Rs 1,175 crore, a remarkable 74% increase year-on-year from Rs 676 crore. This upward trajectory is underscored by a substantial reduction in operating losses, with the EBITDA loss narrowing to Rs 70 crore, marking a decline of 60% from the previous year. However, total expenses rose sharply to Rs 1,314 crore, up 42.5% from Rs 922 crore, indicating a significant investment in growth.

The company reported a substantial increase in vehicle deliveries, reaching 83,418 units for the quarter ended March 31, 2026, which represents a noteworthy 76% year-on-year growth. This increase was bolstered by expanding its retail presence to 700 Experience Centres, including 100 new openings during the quarter. The EBITDA margin improved to (2.5%), an impressive enhancement of approximately 2,080 basis points year-on-year. Ather Energy attributes these results to higher volumes, improved operating leverage, and better unit economics, suggesting that the company’s strategic initiatives are beginning to yield positive results.

For the entire financial year ending March 31, 2026, Ather Energy reported total income of Rs 3,823 crore, reflecting a robust 66% growth driven by strong volume expansion. Additionally, non-vehicle revenue, including software subscriptions and related services, contributed 13% to total income, illustrating the company’s diversified revenue streams. Co-founder and CEO Tarun Mehta emphasized that FY26 was a pivotal year in terms of volume, market share, and overall financial performance. With the launch of Rizta facilitating access to a larger market and further strengthening its distribution network, Ather Energy is poised for continued growth as it leverages product-led strategies to drive demand and enhance profitability.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova team.)