Results · Mobility & Logistics

Ather posts revenue growth and positive cash flow

By Startup Enthusiast · 12 June 2026

What they do

Ather Energy manufactures electric scooters for urban commuters

FY26 revenue rose 66% to ₹3,671cr while net loss narrowed by 36%

The company approved a new factory and capital raise to support expansion

Ather Energy reported ₹3,671 crore in revenue for FY26, marking a 66% year-on-year increase.
The company reduced its net loss to ₹517 crore, a significant improvement from the previous year's deficit.
Operating cash flow turned positive for the first time, signaling improved financial health.
Board approval was granted on June 12, 2026, for a fresh capital raise to fund expansion plans.
A new greenfield plant, Factory 3.0, was approved in Chhatrapati Sambhajinagar to boost production capacity.
Phase 1 of the new facility aims to produce 42,000 units monthly by March 2027.
Hosur factory capacity utilization exceeded 90%, up significantly from earlier levels.
Supply constraints led to the introduction of allocation controls in select markets due to high demand.

Ather Energy designs and sells electric scooters primarily in the Indian market.
The Rizta scooter launch helped drive volume growth by targeting the family segment.
National market share reached 18.6% in FY26, showing strong brand penetration.
Middle India market share jumped to 17.3% in Q4 FY26 from just 4% the prior year.
Adjusted gross margins improved to 24%, an increase of 500 basis points.
The Hosur plant has an annual capacity of 4.2 lakh units.
Q4 FY26 volumes hit a record 83,418 units, demonstrating rapid scaling.
IPO subscription stood at 1.43 times with shares trading around ₹1,009.
The company faces supply constraints that require careful allocation management in key regions.