Ather Energy Q1 Results: An Emotional & Hopeful Journey in EV Market
In today’s era when every company is chasing its profits and expansion, Ather Energy stands out as a company that is not just moving forward with profits, but also with the dream of a better future. In the electric two-wheeler segment, Ather Energy has started an emotional and inspirational journey with the Q1 FY26 results (Ather Energy Q1 Results). In this article, we will talk about the financial results, IPO journey, market position and future expectations of this company – that too in a human and simple language, so that every reader can connect with this story.
Ather Energy Q1 FY26 loss reduced, but growth remained strong
When Ather Energy declared the financial results (Ather Energy Q1 Results) of Q1 FY26, there was a different smile on the faces of investors. The company reported a net loss of ₹178 crore, which is slightly less than the ₹183 crore of the previous year. Perhaps for some these may be just numbers, but for those who are setting new steps in this industry, this is a big signal – every loss is a step closer to success.
The most important thing is that the company’s revenue jumped by 79% to Rs. 645 crore, while last year this revenue was Rs. 360.5 crore. This clearly shows that people’s trust in Ather is increasing, and its bikes are selling fast in the market. The company sold 46,000 units in this quarter, which is a year-on-year jump of 97%.
Excellent improvement in EBITDA margins, despite increase in expenses
Ather’s total expenses reached Rs. 851 crore, which is 54% more than last year’s Rs. 551 crore. But if we look at the broader picture, there has been a tremendous improvement in EBITDA margin as well – from negative 33% to 16%. This is a big achievement for any startup or growth-oriented company, whose focus is centered on profitability.
Tarun Mehta, CEO of Ather, called this quarter a “phenomenal start”. He said that the success of Rizta scooter and retail expansion made the company number 1 in South India, and now it is rapidly building its base in Middle and North India as well.
Ather Energy IPO: Golden Opportunity for Investors
Ather made a place in the hearts of investors from the time of IPO launch itself. When the IPO was launched on May 6, 2025, the shares were listed at an issue price of ₹321 and received a premium of 2% on the day of listing. The share price rose sharply on both BSE and NSE and touched ₹366 on August 4, just before the Q1 results – an all-time high.
The total size of the IPO was ₹2,981 crore, of which the fresh issue was ₹2,626 crore. This was the first mainboard IPO of the financial year 2025-26 and was wholeheartedly supported by investors. Ather IPO was subscribed 1.43 times, with strong interest especially in the QIB and retail categories.
HSBC’s belief: Ather is becoming a long-term player
Big financial institutions like HSBC are also bullish on Ather. They say that Ather is India’s 4th largest electric two-wheeler brand with 14% market share. The company’s volume CAGR has been 77% from FY22 to FY25, and EBITDA margin has improved from -64% to -26%.
All this is a result of Ather’s strong product quality, R&D capabilities and premium positioning. HSBC highlighted that competitors like Ola Electric have lost their market share, but Ather has not only maintained its share but has also expanded.
Future Growth Plans: EL Platform and Maharashtra Plant will give boost
Ather’s expansion plans are also quite aggressive. The company is launching a new EL production platform in August 2025 which will target the economy scooter segment. Along with this, a new plant is also being built in Maharashtra, the first phase of which will be ready by 2028 – whose capacity will be up to 500,000 units.
HSBC has forecast that Ather’s EBITDA margin can reach 4% by FY28, and monthly volumes can be up to 45,000 units. Currently this number is around 14,000.
There are challenges, but the expectations are stronger
The slow adoption rate of electric vehicles is still a major concern in India. But if penetration is fast, this could be a golden phase for focused EV stocks like Ather. Ather’s performance will depend more on its relative strength than industry growth.
The company also reported a loss of ₹234.4 crore in the March quarter, which was less than the ₹283.30 crore of the previous year. The total net loss for FY25 was ₹812 crore, which is much less than the previous year. Operational income also increased by 29.5% to ₹676.1 crore.
All this data is not just a financial report, but a picture of a dream – of a company that is closer to reaching its goals every quarter, giving hope to its investors, and offering a reliable electric mobility option to its customers.
Disclaimer:
This article is for informational purposes only. The financial data, market analysis and investor opinions expressed here are based on public sources. Always consult your advisor before making any financial decisions. The article is written in accordance with Google Search Engine policies, and is completely free from any kind of AI spamming.
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