EV company Ather Energy managed to trim its net loss by 57.2% to ₹100.2 Cr in the last quarter of FY26 (Q4 FY26) from ₹234.4 in the same quarter last year. Sequentially, loss increased 18.4% from ₹84.6 Cr. 

Operating revenue surged 73.7% YoY jump to ₹1,174.7 Cr during the quarter under review from ₹676.1 Cr in Q4 FY25. On a QoQ basis, operating revenue increased 23.2% from ₹953.6 Cr.

Including other income of ₹39.1 Cr, total income for the quarter stood at ₹1,213.8 Cr. 

The EV company’s total expenses for the quarter grew 42.2% to ₹1,314 Cr from ₹922.2 Cr in the year-ago quarter. 

In the fiscal year FY26, Ather’s loss declined 36.3% to ₹517.2 Cr from ₹812.3 Cr in FY25. Operating revenue for the full fiscal rose 62.8% to ₹3,671.8 Cr from ₹2,255 Cr in FY25.

Ather said it sold 2.63 Lakh units in FY26, up 69% YoY. Meanwhile, it recorded the highest quarterly volumes of 83,418 units sold in the March quarter of FY26.

The company attributed this growth to its geographical expansion, expanding retail footprint, and strong performance of its family scooter ‘Rizta’. It claimed to have doubled its retail network during the fiscal to 700 experience centres (ECs) from 351 at the end of FY25. 

Ather also expanded its service footprint by, with the number of service centres increasing to 548 in FY26, up nearly 2X YoY. 

Shares of Ather were trading 2.41% lower at ₹912.15 on the BSE at 12:47 IST.

(The story will be updated soon)

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