Ather Energy Ltd
Ather Energy Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Ather Energy expects continued growth driven by expansion into Middle India (Gujarat, Maharashtra, MP, Chhattisgarh, Odisha) and North India, adding numerous stores (446 total, with 95 added in Q1 FY26). EBITDA losses narrowed significantly in Q1 FY26, improving from -33% to -16%, indicating strong operating leverage and profitability progress.
From Ather Energy Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Ather Energy expects continued growth driven by expansion into Middle India (Gujarat, Maharashtra, MP, Chhattisgarh, Odisha) and North India, adding numerous stores (446 total, with 95 added in Q1 FY26).
- Market share is increasing notably; e.g., in South India, Ather achieved a 22.8% market share in Q1 FY26, and Middle India saw market share rise 2.5x YoY to 10.7%.
- New product launches such as the EL platform (cost-efficient scooter platform) and upcoming software updates (Ather Stack 7) are expected to expand the market and margins.
- Non-vehicle revenues (accessories, software subscriptions, charging infrastructure) are contributing increasingly to revenue, with 12% revenue contribution from these sources.
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Profitability & Margins
See what Ather Energy Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Factory 3.0 in Aurangabad (Chhatrapati Sambhajinagar): Major upcoming capex; work to commence shortly with go-live targeted next year.
- Capex Comparison: Expected to be comparable to last year excluding Factory 3.0 since last year included pending payments and capacity expansion for Rizta.
- Capacity Expansion & R&D: Ongoing capacity expansion and increased R&D investments contribute to current capex.
- EL Platform Manufacturing: New cost-effective and scalable EL scooter platform to be largely manufactured out of the new facility, aiding future capex planning.
2 more points from Ather Energy Ltd's call on capex
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Top-ranked in Automobiles
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
2 more points from Ather Energy Ltd's call on order book
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Ather Energy Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.2K Cr, net loss ₹100 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Ather Energy Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Ather Energy Ltd Q1 FY26 results?
Ather Energy expects continued growth driven by expansion into Middle India (Gujarat, Maharashtra, MP, Chhattisgarh, Odisha) and North India, adding numerous stores (446 total, with 95 added in Q1 FY26). EBITDA losses narrowed significantly in Q1 FY26, improving from -33% to -16%, indicating strong operating leverage and profitability progress.
What is Ather Energy Ltd share price analysis?
Ather Energy Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹58,022 Cr. Investors should review the full earnings analysis for detailed insights.
Is Ather Energy Ltd planning capital expenditure?
Factory 3.0 in Aurangabad (Chhatrapati Sambhajinagar): Major upcoming capex; work to commence shortly with go-live targeted next year.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.