Ather Energy reported a total income of Rs 3,823 crore for the financial year ended March 31, 2026, marking a 66 percent year on year increase driven by strong vehicle demand. The electric two wheeler manufacturer sold a record 2,62,942 units during the fiscal year, representing a 69 percent growth compared to the previous year, and captured an 18.6 percent market share. For the fourth quarter ending March 31, 2026, the company achieved its highest ever quarterly volume of 83,418 units, up 76 percent year on year, which translated to a total quarterly income of Rs 1,214 crore.
The company significantly narrowed its financial losses, reporting a net loss of Rs 517 crore for the fiscal year compared to Rs 812 crore in the previous year. Annual earnings before interest, taxes, depreciation, and amortization losses reduced to Rs 257 crore from Rs 531 crore in the prior fiscal, with the margin improving by approximately 1,630 basis points to negative 6.7 percent. For the fourth quarter, the operating loss narrowed to Rs 30 crore, while the operating margin improved by approximately 2,080 basis points year on year to negative 2.5 percent. The adjusted gross margin for the financial year stood at Rs 925 crore, a 116 percent increase, representing 24 percent of the total income. The fourth quarter adjusted gross margin expanded to 25 percent from 18 percent in the same period last year.
Operational scaling supported the financial performance, with the company doubling its retail footprint to end the fiscal year with 700 experience centers, up from 351 in the previous year. South India maintained its position as the strongest region with a 23.5 percent market share in the fourth quarter, while the rest of India grew to 12.1 percent.
Tarun Mehta, Co founder and Chief Executive Officer of Ather Energy noted that the new EL scooter platform offers the opportunity to replicate these growth levers at a potentially larger scale. He also highlighted that investments in the upcoming Factory 3.0 at AURIC will provide the scale and efficiency required to meet future demand and set the company up for its next phase of growth.