Ather Energy reported a 71% drop in its Q1 net loss to ₹51.1 crore, while revenue jumped 89% to ₹1,260 crore. The electric two-wheeler maker turned EBITDA positive for the first time, supported by higher sales and growing income from non-vehicle services like charging and accessories.
Ather Energy has reported a strong financial turnaround for the June quarter, marking a significant milestone in its journey toward profitability. The company’s consolidated net loss for the period ending June 30, 2026, narrowed by 71% year-on-year to ₹51.1 crore, compared to a loss of ₹178.2 crore in the same quarter last year.
Scaling Revenue and Operational Gains
The company’s operational efficiency improved substantially, with revenue from operations rising 89% to ₹1,216.9 crore. This growth was driven by higher sales volumes of its electric scooters and an increased contribution from non-vehicle business segments, such as software subscriptions, accessories, and after-sales support. These services now account for 14% of the company's operational revenue.
Ather achieved a major financial milestone by turning EBITDA positive for the first time. The company recorded a consolidated EBITDA of ₹9 crore, a sharp recovery from the ₹106 crore EBITDA loss reported in the year-ago period. This shift resulted in an EBITDA margin of 0.8%, even as the company managed fluctuating raw material costs for components like lithium, copper, and aluminum.
Market Demand and Expansion Plans
The company’s delivery volume grew by 80.5%, reaching 83,173 units for the quarter. This performance mirrors a broader trend in the Indian electric two-wheeler sector, where total industry registrations increased by 68%. Ather’s strong demand is further evidenced by a 95% jump in customer inquiries and a 158% surge in pre-orders, signaling that market appetite currently outpaces its existing production capacity.
To address this capacity gap, Ather is currently developing its 'Factory 3.0' in Chhatrapati Sambhaji Nagar. This new facility is expected to begin production in the third quarter of FY27 and will add an annual capacity of 5 lakh units. Additionally, the company is preparing to launch a new electric scooter built on its latest 'EL' platform on August 29.
Investors may monitor the company’s ability to maintain these margins as it scales production and navigates the competitive landscape of the Indian EV market. The successful commissioning of the new factory and the market reception of the upcoming scooter launch will be key factors to track in the coming quarters.