Ather Energy hits all-time high despite market selloff; what's fueling the rally?

Ather Energy shares rallied 9% to an all-time high level of ₹1,047 apiece on Wednesday, June 3, despite a weak market sentiment.

At 1:53 PM, the stock was trading at ₹1,020 per share on the National Stock Exchange, gaining 6.18%.

Over a month’s time, the stock has jumped 8%, while it has surged 48% in the past six months. From the beginning of the year, Ather Energy shares have soared 36%.

The company, which was listed on May 6, 2025, has a market capitalisation of ₹38,409.32 crore.

Here are some latest developments

Ather Energy Q4 FY26 results

The two-wheeler EV-maker had posted a 57% reduction in its net loss for the March quarter on healthy revenue growth driven by strong fundamental growth factors and the rising service network of the brand.

Ather Energy recorded a 57% reduction in its net loss to ₹100.23 crore in the fourth quarter of the financial year ended 2025-26, compared to ₹234.36 crore in the same period a year ago, according to the financial statements.

The company’s revenue from core operations surged 74% to ₹1,174.66 crore in the fourth quarter, compared year-on-year with ₹676 crore in the same period a year earlier.

Ather’s total expenses for the January to March quarter witnessed a 42% rise to ₹1,314 crore, compared to ₹922.15 crore in the same period a year ago. Ather Energy’s loss per equity share for the March quarter improved to ₹2.62 apiece, compared to ₹8.93 per share at the same period of the previous financial year.

Increasing experience centres

In April this year, Ather Energy said it almost doubled the number of its Experience Centres (ECs) to over 700 across India in the last-concluded financial year.

This rapid expansion has played a key role in driving Ather's growth across markets, improving accessibility and enabling the company to scale across both existing and new markets, the company said.

Ather said it has added over 350 new experience centres, effectively doubling its retail network from 351 centres in India as of March 31, 2025.

Over the past year, the company said, its expanded retail footprint has helped the company reach a much wider set of customers, contributing to its national market share rising to 18.7% in March 2026, according to Vahan data.

New stake buy

On February 12, 2026, Morgan Stanley, Goldman Sachs, Societe Generale, and Abu Dhabi Investment Authority, among others, had collectively bought a 1.92% stake. The entities bought stakes in Ather Energy from the National Investment and Infrastructure Fund for nearly ₹521 crore through open market transactions.

ICICI Prudential Mutual Fund (MF), Tata MF, Invesco MF, Motilal Oswal MF, Aditya Birla Sun Life MF, WhiteOak Capital MF, and Tata AIG Life Insurance Company Ltd also bought shares of electric two-wheeler maker Ather Energy, as per the block deal data available on the BSE and NSE.

About Ather Energy

Ather Energy Limited is an India-based pure-play electric vehicle (EV) company. The company specialises in the Indian electric two-wheeler (E2W) market.

The company sells E2Ws and the associated product ecosystem, comprised of its software, charging infrastructure, and smart accessories, all of which are conceptualised and designed by it in India.