Ather Energy has reported its strongest financial and operational performance to date for the financial year ended March 31, 2026, driven by robust demand, network expansion, and improved operating efficiency. The company recorded total sales of 2,62,942 units in FY26, marking a 69% year-on-year increase. Quarterly performance peaked in Q4 FY26 with sales of 83,418 units, up 76% compared to the same period last year. This growth was supported by expanding market presence, a wider retail footprint, and strong demand for its family-focused scooter, Rizta.
Ather significantly scaled its distribution network, closing FY26 with 700 Experience Centres—nearly double the previous year’s count. Its service infrastructure also expanded to approximately 548 centres, ensuring consistent customer support. Additionally, the company strengthened its fast-charging network to over 6,000 points nationwide, reinforcing its leadership in electric two-wheeler charging infrastructure.
Financially, Ather reported total income of ₹3,823 crore, up 66% year-on-year. Non-vehicle revenue streams, including software services, charging, and accessories, contributed 13% of total income, reflecting deeper ecosystem integration. Adjusted gross margin rose sharply to ₹925 crore, with margins improving to 24%.
The company substantially reduced its EBITDA losses to ₹257 crore from ₹531 crore in FY25, with margins improving to (6.7%). Net loss also narrowed to ₹517 crore, demonstrating continued progress toward profitability.
In Q4 FY26, revenue reached ₹1,214 crore, up 76% year-on-year. Adjusted gross margin improved to 25%, while EBITDA loss reduced to ₹30 crore, with margins at (2.5%). Notably, 93% of customers opted for AtherStack Pro, highlighting strong adoption of its software ecosystem.
Co-founder and CEO Tarun Mehta stated that FY26 marked a year of accelerated growth across key metrics, supported by product-led demand and expanded distribution. He added that the upcoming EL platform and investments in new manufacturing capacity are expected to drive the next phase of growth. Despite supply chain disruptions and commodity volatility during the year, Ather maintained steady execution through strategic sourcing and cost optimisation.
Founded in 2013, Ather Energy continues to focus on innovation, offering a portfolio that includes the performance-oriented 450 series and the Rizta family scooter line. The company remains committed to advancing India’s electric mobility ecosystem through technology, infrastructure, and design excellence.
