Ather Energy’s net loss narrowed in the fourth quarter. The electric vehicle manufacturer reported a net loss of ₹100 crore during the January-March period, narrower than the loss of ₹234.4 crore it reported during the same quarter last year.
Revenue for the quarter increased by 73.8% on a year-on-year basis to ₹1,174.4 crore from ₹676 crore earlier.
Losses on the Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) front also narrowed by more than half to ₹70 crore from a loss of ₹173 crore in the year-ago period.
The company in an exchange filing said it delivered its highest-ever quarterly volumes of 83,418, up 76% from the previous year. In the entire financial year, it sold 2.62 lakh units, up 69% from the previous year.
Ather Energy said its growth during FY26 was driven geographic expansion, a rapidly scaling retail footprint and the continued strong performance of its family scooter Rizta.
It also doubled its retail network in FY26 with 700 experience centres compared to 351 in the previous fiscal.
The company’s service network expanded to 548 service centres, which it said is nearly 2x its FY25 footprint. It has over 6,000 charging points powered by LECCS, the company said.
Ather Energy said Rizta has been a key driver of the company’s market share gains across India. Central India witnessed the fastest growth, with the share rising 17.3% in the fourth quarter from 9.5% in the previous year. The rest of the country’s share grew to 12.1% from 6.5% in the fourth quarter of the previous year. The company added that South India remained its strongest regaining, as it retained its leadership with 23.5% market share in the fourth quarter.
“With our new scooter platform, EL, we have the opportunity to replicate the same growth levers at potentially a larger scale, going after the biggest total addressable market in the Indian E2W segment. Coupled with that, our investments in Factory 3.0 at AURIC will give us the scale and efficiency to serve that demand and set us up for the next phase of growth,” Tarun Mehta, co-founder and CEO of Ather Energy, said.
Shares of Ather Energy are trading 1.3% lower on Monday after the results announcement at ₹922.5. The stock has risen 25% so far this year.
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