Ather Energy Limited reported a narrowed net loss of ₹517.17 crore for the financial year ended March 31, 2026, compared to a loss of ₹812.28 crore in the previous year, as revenue from operations surged 62.8% to ₹3,671.76 crore. The electric two-wheeler manufacturer’s total income for the year stood at ₹3,823.08 crore, up from ₹2,305.22 crore in FY25. The Board of Directors approved the audited financial statements on May 04, 2026.

Financial Performance

The company’s loss before tax for FY26 was ₹517.17 crore, an improvement from the ₹812.28 crore loss before tax in the prior year. Exceptional items for the year amounted to ₹5.04 crore, attributed to the impact of new Labour Codes. Total expenses for the year increased to ₹4,335.21 crore from ₹3,117.50 crore in FY25, driven by higher material costs and employee benefit expenses.

Operational Highlights

Revenue from the sale of finished products rose to ₹3,207.99 crore from ₹1,998.44 crore in the previous year. The cost of materials consumed increased to ₹2,808.15 crore from ₹1,826.88 crore. Employee benefits expenses grew to ₹481.60 crore, while finance costs decreased to ₹82.20 crore from ₹110.62 crore in FY25.

Balance Sheet and Cash Flows

The company’s total assets as of March 31, 2026, stood at ₹4,721.51 crore, a significant increase from ₹2,100.61 crore in the previous year. Equity share capital rose to ₹38.27 crore from ₹29.06 crore, supported by the proceeds from an Initial Public Offer (IPO) completed during the year. Total equity increased to ₹2,572.63 crore from ₹492.99 crore. Cash and cash equivalents improved to ₹111.94 crore from ₹69.80 crore.

Auditor’s Report

Deloitte Haskins & Sells, the statutory auditor, issued an unmodified opinion on the financial statements. The report highlighted intangible assets under development as a key audit matter, noting that the initial recognition of development expenditure is based on management’s assessment of technological and economic feasibility. The auditor also confirmed that the company has adequate internal financial controls operating effectively.

Ather Energy recorded total sales of 31,188 units in June, more than doubling from 14,526 units reported in the same month last year. The performance also surpassed the market estimate of 31,100 units, reflecting strong consumer demand for the company's electric two-wheelers.

June Sales Performance at a Glance

The following table summarises Ather Energy's June sales figures against the year-ago period and analyst estimates:

Year-on-Year Growth Highlights

The year-on-year comparison underscores a significant acceleration in Ather Energy's sales volumes. The company's June tally of 31,188 units represents a substantial increase over the 14,526 units sold in the corresponding period of the previous year. Additionally, the actual sales figure exceeded the consensus estimate of 31,100 units, demonstrating that the company's performance was ahead of market expectations.