Ather Energy Q1 Results: Loss narrows sharply as revenue nearly doubles

Ather Energy Ltd. reported a significantly improved June-quarter performance on Monday, with losses narrowing sharply and revenue nearly doubling year-on-year as the electric two-wheeler maker continued to scale its operations.

The company reported a net loss of ₹51 crore, a marked improvement from the ₹178.2 crore loss reported in the corresponding quarter last year. Revenue rose 88.8% year-on-year to ₹1,217 crore, while EBITDA loss narrowed substantially to ₹33.4 crore, compared with ₹134.3 crore a year ago, reflecting improving operating leverage as volumes continue to grow.

Investors welcomed the results. Following the earnings announcement, shares of Ather Energy climbed over 3% to an intraday high of ₹1,287.90 on the BSE.

Beyond the quarter's numbers, Ather believes the broader industry backdrop is increasingly tilting in favour of electric mobility. The company said transport electrification continues to gather pace as a national priority, supported by favourable government policies such as the Delhi EV Policy and the Centre's PM E-Drive initiative. It also pointed to rising fuel costs and concerns around fuel availability as factors accelerating consumer adoption, noting that EV demand had already begun strengthening even before the latest petrol price hikes.

Ather is now preparing for its next growth phase with the launch of its upcoming EL scooter. The company said homologation was completed during the June quarter, while high-volume production trials are already underway. Commercial production at its Hosur facility is scheduled to begin during the second quarter of FY27, ahead of the scooter's launch at Ather Community Day in August. Over time, the company plans to ramp up manufacturing capacity to 60,000 vehicles per month, signalling its confidence in sustained demand for electric two-wheelers.

The earnings come shortly after the company strengthened its capital base through a ₹1,300 crore Qualified Institutional Placement (QIP). Earlier this month, Ather completed the fund raise after issuing 1.08 crore equity shares at ₹1,202 apiece, a premium of 2.8% over the regulatory floor price, though at a discount to the prevailing market price.

Alongside improving financial performance, the company has also continued to strengthen its technology offering. Last week, Ather rolled out its 'Pothole+ Alerts' feature for customers using its Gen 2 and newer scooters, including the 450 Apex, 450X and Rizta Z.

The feature uses data collected from Ather's connected scooter fleet to alert riders about potholes, uneven roads, broken patches and speed breakers while navigating, further expanding the software-driven capabilities that have become a key differentiator for the brand.