Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Ather Energy Ltd
Quarter-by-quarter operating performance
| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 523 | 360 | 584 | 635 | 676 | 645 | 899 | 954 | 1,175 |
| Expenses + | 762 | 489 | 723 | 776 | 848 | 779 | 1,031 | 1,026 | 1,244 |
| Operating Profit | -238 | -128 | -139 | -141 | -172 | -134 | -132 | -72 | -70 |
| OPM % | -46% | -36% | -24% | -22% | -25% | -21% | -15% | -8% | -6% |
| Other Income + | 12 | 8 | 15 | 15 | 12 | 28 | 42 | 37 | 39 |
| Interest | 19 | 23 | 31 | 29 | 29 | 24 | 21 | 19 | 18 |
| Depreciation | 38 | 40 | 43 | 44 | 45 | 48 | 43 | 30 | 52 |
| Profit before tax | -283 | -183 | -197 | -198 | -234 | -178 | -154 | -85 | -100 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit + | -283 | -183 | -197 | -198 | -234 | -178 | -154 | -85 | -100 |
| EPS in Rs | -24,720.77 | -61.17 | -64.01 | -64.21 | -8.06 | -4.78 | -4.05 | -2.22 | -2.62 |
Financials of Ather Energy Ltd
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 35 | 80 | 408 | 1,781 | 1,754 | 2,255 | 3,672 |
| Expenses + | 220 | 257 | 668 | 2,488 | 2,438 | 2,836 | 4,080 |
| Operating Profit | -185 | -177 | -260 | -708 | -685 | -581 | -408 |
| OPM % | -523% | -222% | -64% | -40% | -39% | -26% | -11% |
| Other Income + | 14 | 7 | 4 | 21 | -139 | 50 | 146 |
| Interest | 24 | 28 | 40 | 65 | 89 | 111 | 82 |
| Depreciation | 25 | 35 | 48 | 113 | 147 | 171 | 173 |
| Profit before tax | -220 | -233 | -344 | -864 | -1,060 | -812 | -517 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit + | -220 | -233 | -344 | -864 | -1,060 | -812 | -517 |
| EPS in Rs | -20,118.94 | -21,344.92 | -30,078.67 | -75,436.30 | -92,469.46 | -27.95 | -13.51 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Ather Energy Ltd
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 29 | 38 |
| Reserves | 250 | 376 | 224 | 614 | 545 | 464 | 2,534 |
| Borrowings + | 132 | 219 | 365 | 485 | 478 | 619 | 664 |
| Other Liabilities + | 137 | 146 | 229 | 878 | 890 | 988 | 1,485 |
| Total Liabilities | 518 | 741 | 819 | 1,977 | 1,914 | 2,101 | 4,722 |
| Fixed Assets + | 178 | 307 | 335 | 544 | 459 | 616 | 865 |
| CWIP | 104 | 47 | 93 | 37 | 71 | 122 | 103 |
| Investments | 39 | 92 | 37 | 286 | 292 | 41 | 552 |
| Other Assets + | 198 | 295 | 354 | 1,109 | 1,092 | 1,322 | 3,202 |
| Total Assets | 518 | 741 | 819 | 1,977 | 1,914 | 2,101 | 4,722 |
Financials of Ather Energy Ltd
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -182 | -140 | -226 | -871 | -268 | -721 | 32 |
| Cash from Investing Activity + | -123 | -172 | 51 | -135 | 58 | -100 | -2,527 |
| Cash from Financing Activity + | 313 | 296 | 228 | 1,317 | 633 | 703 | 2,497 |
| Net Cash Flow | 8 | -16 | 52 | 311 | 423 | -118 | 2 |
| Free Cash Flow | -298 | -227 | -297 | -1,001 | -383 | -1,060 | -474 |
| CFO/OP | 98% | 79% | 87% | 123% | 39% | 124% | -8% |
Financials of Ather Energy Ltd
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 1 | 0 | 0 | 2 | 1 |
| Inventory Days | 79 | 226 | 57 | 59 | 26 | 48 | 35 |
| Days Payable | 47 | 269 | 113 | 88 | 90 | 109 | 105 |
| Cash Conversion Cycle | 32 | -43 | -56 | -29 | -64 | -60 | -68 |
| Working Capital Days | -225 | -425 | -203 | -36 | -122 | -69 | 115 |
| ROCE % | -42% | -51% | -95% | -75% | -66% | -20% |