Results · Mobility & Logistics

Ather Energy Q1 revenue jumps 79% to Rs 645 crore

By Startup Enthusiast · 4 August 2025

What they do

Ather Energy makes electric scooters and sells them in India and neighbouring countries

It reported Q1 FY26 operating revenue of Rs 644.6 crore, up 79% year-on-year, and net loss narrowed to Rs 178.2 crore

The company sold 46,078 scooters in the quarter, nearly double last year, and its national market share rose to 14.3% from 7.6%

Ather Energy announced its Q1 FY26 financial results on 4 August 2025.
Operating revenue stood at Rs 644.6 crore, a 79% year-on-year increase.
Total income was Rs 672.9 crore, up 83% from the same quarter last year.
Net loss narrowed to Rs 178.2 crore from Rs 182.9 crore in Q1 FY25.
The company sold 46,078 scooters in the quarter, a 97% year-on-year jump.
Total expenses rose to Rs 851.1 crore, a 54.3% increase year-on-year.
Employee benefit expenses were Rs 118.6 crore, up 37% year-on-year.
The adjusted gross margin was 23% of revenue, compared with 19% a year earlier.

Ather Energy listed on the stock exchanges on 6 May 2025 at an IPO price of Rs 321, raising Rs 2,981 crore.
Its stock closed at Rs 399.20 on BSE on 4 August 2025, up about 15% from the IPO price.
The company's national market share in electric two-wheelers rose to 14.3% in Q1 FY26 from 7.6% a year ago.
In July 2025, Ather became the fourth-largest e2W maker with a 16.3% market share, behind Ola Electric at 17.9%.
A potential supply disruption from China's rare earth magnet export restrictions is expected to have only a 7-8 day impact.

Ather Energy designs and manufactures electric scooters and sells them in India, Nepal, and Sri Lanka.
Its product lineup includes the Rizta (family-focused, launched April 2024) which accounts for about 60% of total sales.
The company offers AtherStack Pro, a subscription software suite with features like auto-hold and ride analytics.
AtherStack Pro has an attach rate of nearly 89% among new buyers and contributes about 6% of revenue.
Non-vehicle revenue (including subscriptions and services) makes up 12% of total income.
The company is deploying LFP battery chemistry and preparing an EL platform for lower price points.
It has 446 experience centres as of Q1 FY26, with a compact store format that breaks even at 12-13 units per month.
Ather Grid has 4,032 charging points across India, Nepal, and Sri Lanka.

Ather Energy aims to have 700 retail centres by the end of FY26.
The company will focus on deepening presence in northern India, with Middle India as the next big growth market.
It is preparing an EL platform for lower price points to attract more customers.

Hero MotoCorp (existing) — Hero MotoCorp is a major investor and strategic partner in Ather Energy.