Electric two-wheeler maker Ather Energy reported a strong Q4 FY26 performance, with operating revenue rising 74% year-on-year to ₹1,175 crore, while losses narrowed 57% to ₹100 crore.
The company had posted ₹676 crore revenue in Q4 FY25, reflecting robust growth driven by higher sales volumes and sustained demand.
During the quarter, Ather sold approximately 79,251 electric two-wheelers, with vehicle sales and related services continuing as its primary revenue source. Including ₹39 crore in non-operating income, total income stood at ₹1,214 crore.
For the full financial year FY26, Ather recorded a 63% increase in revenue, while losses reduced 37% to ₹517 crore, compared to ₹817 crore in FY25.
On the cost side, material expenses, primarily battery and component procurement, remained the largest contributor, accounting for 69% of total costs and rising 61% to ₹905 crore in Q4. Employee benefit expenses also increased 17% to ₹127 crore.
Total expenses rose to ₹1,314 crore in Q4 FY26, up from ₹922 crore in the year-ago quarter. However, revenue growth outpaced cost increases, supporting improved profitability metrics.
According to VAHAN data, Ather retained its third position in the EV two-wheeler segment in April, despite a 20% decline in registrations to 27,024 units from March levels.
As of the latest trading session, Ather’s shares were priced at ₹927.25, giving it a market capitalisation of around ₹35,495 crore ($3.73 billion).
The results highlight Ather’s continued momentum in India’s fast growing electric mobility market, even as it navigates cost pressures and competitive dynamics.
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