Ather Energy Consolidated Total Income Climbs 87.2% as EBITDA Reaches Positive ₹9 Crore

Ather Energy Consolidated Total Income Climbs 87.2% as EBITDA Reaches Positive ₹9 Crore​

Ather Energy Ltd., a leading electric two-wheeler manufacturer, reported significant operational and financial improvements for the quarter ended June 30, 2026. The company saw its consolidated total income jump by 87.2% year-over-year (YoY), driven by robust volume growth and increasing non-vehicle revenue contribution. Critically, the company achieved a turnaround in profitability, with consolidated EBITDA turning positive at ₹9 crore in Q1 FY27.

The financial results reflect accelerated customer demand across Ather's portfolio, continuing to outpace available production capacity during the quarter.

Financial Performance Highlights​

Ather Energy delivered 83,173 units during the quarter, marking an 80.5% increase YoY. Consolidated Adjusted Gross Margin (AGM) stood at ₹282 crore, recording a substantial growth of 82.3% YoY. While managing commodity cost headwinds—such as higher input costs for copper, aluminium, lithium, and crude-linked materials—the company implemented measures including calibrated pricing actions, improved product mix management, value engineering, and supplier negotiations to sustain margins.

The transition in profitability is marked by the shift from an EBITDA loss of ₹106 crore in Q1 FY26 to a positive consolidated EBITDA of ₹9 crore for Q1 FY27. Furthermore, the consolidated net loss narrowed significantly to ₹51 crore, down from ₹178 crore in the prior year period, reflecting structural improvements as volumes scaled.

The company's revenue mix also saw a positive shift. Revenue derived from non-vehicle sources—including software subscriptions, charging services, accessories, spares, and service—increased to 14% of operating revenue, up from 13% in Q1 FY26.

Key financial metrics on a consolidated basis are summarized below:

Demand and Operational Momentum​

Market demand for electric two-wheelers accelerated sharply, contributing to Ather’s strong operational performance. Customer pre-orders grew by 158% YoY, reaching 150k units. Furthermore, customer enquiries increased by 95% YoY, standing at 707k. Industry registrations increased 68% YoY to approximately 525k units, and EV penetration crossed 10% for the first time in June 2026.

To support future growth, Ather’s Factory 3.0 at AURIC remains on schedule. Phase 1 of this facility, which boasts an annual production capacity of 500,000 units, is slated to commence production during Q3 FY27. Upon the completion of both Phase 1 and Phase 2 at AURIC, Ather’s total installed annual production capacity across all facilities will reach 1.42 million electric two-wheelers.

Next Phase of Product Innovation​

The company announced plans to unveil its first production scooter built on the new EL platform on August 29, 2026, during the Ather Community Day 2026 event. The EL platform represents a next-generation vehicle architecture and is the company’s first new product platform since the 450 series. This innovation aims to provide greater versatility and scalability for Ather's future products.

Ather also operates Ather Insurance Limited, a wholly owned subsidiary, which reported a net loss of ₹0.22 crore during Q1 FY27.

ATHERENERG Stock Price Movement​

Ather Energy Limited stock finished the day higher, gaining 1.56% and closing at ₹1280 after trading sessions concluded today. The equity maintained a tight intraday range, trading between a low of ₹1242 and a high of ₹1289.9.