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Ather Energy (ATHERENERG) investor relations material
Ather Energy Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
EV industry transformation accelerated, with e-two-wheeler penetration rising to 11% and electric scooters exceeding 25% market share year-over-year.
Q1 FY27 saw pre-orders up 158%, registrations up 102%, and 83,000 units sold, an 81% increase year-over-year.
Revenue from operations for the quarter was ₹1,216.92 crore, up from ₹644.58 crore year-over-year.
Net loss for the quarter narrowed to ₹51.09 crore (consolidated), down from ₹178.23 crore last year.
Unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, were approved and reviewed without qualification by statutory auditors.
Financial highlights
Revenue from operations grew 89% year-over-year to ₹1,216.92 crore.
Adjusted gross margin was 22.4% in Q1 FY27, down from 25.4% in Q4 FY26.
EBITDA turned positive at ₹9.45 crore (1% margin), compared to a loss of ₹105.97 crore (-16% margin) in Q1 FY26.
Average sales price increased to INR 1.61 lakh, up from INR 1.5 lakh last quarter.
Non-vehicle revenue rose to 14% of operating revenue, led by software and accessories.
Outlook and guidance
Factory 3.0 (AURIC/Chhatrapati Sambhaji Nagar) to go live in Q3 FY27, doubling capacity from 4.2 lakh to 9.2 lakh units annually, with Phase II planned to add another 5 lakh units.
EL scooter platform launch and production scheduled for August 2026, with capacity for 60,000 units/month.
Price hikes and structural gains expected to offset commodity cost increases; Q2 margins anticipated to remain stable.
Dealer expansion to resume post-capacity ramp-up, with new store openings after EL and AURIC go live.
Post quarter-end, ₹1,300 crore was raised via QIP, with approval for up to ₹1,200 crore more through equity and convertible warrants.
- FY26 delivered record growth, margin gains, and expansion, with IPO funds supporting future capacity.ATHERENERG
Q4 25/26 - Q3 FY26 saw 50% unit growth, 25% gross margin, and 18.8% market share, with IPO proceeds boosting capital.ATHERENERG
Q3 25/26 - Units sold up 42% YoY, gross margin at 19%, and IPO and manufacturing expansion completed.ATHERENERG
Q4 24/25 - Q1 FY26 saw 97% YoY volume growth, 23% gross margin, and a successful IPO.ATHERENERG
Q1 25/26 - 67% YoY unit growth, 22% margin, record sales, and IPO cash; supply chain hit revenue.ATHERENERG
Q2 25/26
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