Executive Summary
Ather Energy Ltd reported Q3FY26 revenues of ₹954 crore, up 50.24% YoY, with losses narrowing significantly to ₹85 crore from ₹198 crore despite 26.62% expense growth. Strong electric scooter demand and 6% sequential revenue rise signal scaling operations toward operational break-even.
Revenue & Growth
Revenues jumped to ₹954 crore from ₹635 crore YoY, driven by Ather 450 series volumes and expanded distribution across Indian cities. Total expenses rose 26.62% YoY to ₹1,075 crore, reflecting scaling investments in production and marketing.
Profitability & Margins
Consolidated net loss improved 57% YoY to ₹85 crore (PAT margin -8.87%), with operating margin excluding other income reaching -7.55%—best since inception. Basic loss per share narrowed to ₹2.22 from ₹64.21; EBITDA loss at ₹72 crore.
Balance-Sheet Highlights
The dataset lacks detailed balance sheet items such as assets, liabilities, equity, net debt, or current ratio for Q3FY26. Cash reserves provided ₹42 crore other income support.
Cash Flow / Liquidity
Operating cash flow remains negative amid working capital needs for growth; FY25 showed ₹720 crore operational outflow requiring financing inflows.
Key Ratios / Metrics
Gross margin improved to -5.68%; employee costs up 7% sequentially but productivity gained with revenue scale. 9M trajectory shows path to profitability as volumes hit record highs.