Ather Energy Q1 earnings: Net loss narrows to ₹51 crore, revenue jumps 89% to ₹1,217 crore

Ather Energy, the country's leading electric two-wheeler maker on Monday, August 3, said that its net loss narrowed to ₹51 crore in the first quarter of current financial year from ₹178 crore in the same period last year as demand for electric two-wheelers accelerated sharply.

The net sales showed a strong performance as its revenue from operations jumped 89% to ₹1,217 crore at the from ₹645 crore in the corresponding period last year.

Revenue from software subscriptions, charging, accessories, spares, and service increased to 14% of revenue from operations, up from 13% in the previous financial year, Ather Energy said in a press release.

Ather Energy's operating loss dropped drastically from ₹134 crore to ₹33 crore.

Demand for electric two-wheelers accelerated sharply during the quarter, with industry registrations increasing 68% annually to approximately 5,25,000 units, according to Vahan data.

EV penetration also crossed 10% for the first time in June 2026. Against this backdrop, Ather continued to see strong momentum across its customer funnel. Customer enquiries increased 95% year-on-year (YoY) to 7,07,000, while pre-orders grew 158% YoY to 1,50,000, reflecting sustained customer demand that continued to outpace available production during the quarter, Ather Energy said.

Ather Energy said that company is preparing to unveil the first production scooter on its all-new EL platform on August 29, 2026, at Ather Community Day 2026.

The EL platform is Ather's next-generation vehicle architecture and its first new vehicle platform since the 450. Engineered from the ground up for greater versatility, scalability, and manufacturing efficiency, it will power Ather's future products and marks the company's next phase of product innovation. The first EL scooter will enable Ather to serve a significantly larger customer base. It represents the first in a new family of products built on the EL platform, Ather Energy said.

"We continued to see strong demand across our portfolio, as structural tailwinds from both policy support and shifting customer sentiment translated into a massive upsurge for our products, with demand far outstripping supply. This gives us confidence that the market continues to expand," said Tarun Mehta, Co-founder & CEO, Ather Energy..

"In the coming months, we are particularly excited about our new product on the EL platform, commencing production alongside the scale-up of our new factory at AURIC. Together, they position us well for the next phase of Ather's growth,” he added.

Ather Energy shares were trading near day's highest level following its earnings announcement. The stock rose as much as 2.95% from the day's lowest level to hit an intraday high of ₹1,272.