Bengaluru-based Ather Energy reported a robust enchancment in its monetary efficiency for FY26, with the electrical two-wheeler maker transferring nearer to profitability on the again of upper revenues, enhancing margins and tighter price management.

For the monetary 12 months ended March 31, 2026, the corporate posted whole earnings of Rs 3,823 crore, up 66% year-on-year.

Adjusted gross margin greater than doubled to Rs 925 crore, with margins enhancing to 24% from 19% final 12 months. EBITDA losses narrowed considerably to Rs 257 crore in FY26 from Rs 531 crore in FY25. EBITDA margin improved to minus 6.7% from minus 23%.

Web loss for the 12 months lowered to Rs 517 crore from Rs 812 crore, with loss margin enhancing to minus 14% from minus 35%.

Within the March quarter, Ather continued this momentum. Complete earnings rose 76% year-on-year to Rs 1,214 crore. Adjusted gross margin stood at Rs 309 crore, with margin enhancing to 25% from 18% a 12 months in the past. EBITDA loss for the quarter got here down sharply to Rs 30 crore, with margin enhancing to minus 2.5%, a major enchancment of round 2,080 foundation factors.

Web loss for This autumn stood at Rs 100 crore, down 57% year-on-year.

Bills rise amid scale-up in operations

The corporate’s bills continued to extend, largely pushed by materials prices, which accounted for 69% of whole expenditure. These rose 61% year-on-year to Rs 905 crore within the March quarter.

Worker profit bills additionally elevated to Rs 127 crore from Rs 109 crore a 12 months earlier. Mixed with depreciation, amortisation, and different overheads comparable to authorized and promoting prices, whole quarterly bills reached Rs 1,314 crore, up from Rs 922 crore in the identical interval final 12 months.

Ecosystem revenues and software program adoption develop

Ather additionally noticed rising contribution from its ecosystem choices. Non-vehicle income, which incorporates software program subscriptions, charging, equipment and companies, contributed 13% to whole earnings in FY26.

In This autumn, round 93% of shoppers opted for AtherStack Professional, indicating robust adoption of its software-led platform.

Following the monetary efficiency, the corporate reported robust progress in volumes. Ather offered 2,62,942 models in FY26, up 69% year-on-year. In This autumn alone, volumes stood at 83,418 models, up 76% year-on-year and 23% sequentially, making it the very best ever quarterly gross sales for the corporate.

The corporate additionally improved its price construction through the 12 months. Value of products offered per unit declined to Rs 1,10,199 in FY26, down from Rs 1,20,777 in FY25, pushed by worth engineering and scale advantages.

The corporate doubled its expertise centres to 700 by the top of FY26 from 351 in FY25, with about 100 additions in This autumn alone. Round 75% of the growth got here from current sellers. Its service community additionally grew in line, reaching about 548 centres, practically double in comparison with the earlier 12 months.

Market share rises throughout areas

Geographically, Ather noticed robust positive factors throughout areas. Center India emerged because the quickest rising market, with market share rising to 17.3% in This autumn FY26 from 9.5% a 12 months in the past.

In the remainder of India, market share elevated to 12.1% from 6.5%. South India continued to steer with a 23.5% market share in This autumn. At an total stage, Ather’s market share stood at round 18.6% in This autumn FY26, up considerably in comparison with earlier durations. The corporate additionally strengthened its charging infrastructure through the 12 months. Its community crossed 6,000 charging factors, with over 1,100 additions in FY26.

Charging periods grew sharply, and round 13% of utilization got here from non-Ather customers, indicating wider adoption. The community is powered by LECCS, a part of the corporate’s push in direction of standardisation by means of the LEAF initiative involving a number of business gamers.

Future progress plans

On the product entrance, the Rizta household scooter continued to drive progress and helped the corporate increase into a bigger addressable market. The corporate additionally launched new variants just like the high-range 450 and rolled out software program upgrades together with AtherStack 7.0.

Tarun Mehta, Co-founder and CEO, Ather Vitality, mentioned, “FY26 has been a incredible 12 months for us throughout volumes, market share, and monetary efficiency. We targeted on constructing demand by means of robust product-led progress and scaling it by means of distribution. Rizta helped us unlock a a lot bigger addressable market, and with that, we expanded our retail community. That demand translated into robust quantity progress and higher unit economics.”

He added, “With our new scooter platform, EL, we’ve got the chance to copy the identical progress levers at doubtlessly a bigger scale, going after the most important whole addressable market within the Indian E2W section. Coupled with that, our investments in Manufacturing unit 3.0 at AURIC will give us the dimensions and effectivity to serve that demand and set us up for the following section of progress.”

The corporate is investing in its upcoming Manufacturing unit 3.0 at AURIC, which could have a complete capability of 10 lakh models yearly, with Section I anticipated to start in Q3 FY27. The power will give attention to deeper vertical integration together with battery packs, electronics and meeting.

Based on VAHAN registration information cited by business reviews, Ather Vitality remained the third-largest electrical two-wheeler maker in April, with registrations at about 27,024 models, down from round 36,100 in March.