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Ather Energy’s Q1 Revenue Jumps 79% and Losses Narrow as Shares Climb

Broker upgrades have lifted its stock with Q1 sales surge driven by the Rizta scooter, rising operating costs, rare earth magnet shortages

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Ather Energy | Image: Republic

Overview

  • Ather Energy’s revenue climbed to Rs 644.6 crore in Q1 FY26, representing a 78.8% increase from Rs 360.5 crore a year earlier.
  • The company sold 41,037 electric two-wheelers during the quarter, up from 16,515 units in Q1 FY25 according to the Vahan registry.
  • Net losses narrowed to Rs 178.2 crore from Rs 182.9 crore in the previous year’s quarter.
  • Operating expenses rose 1.5 times to Rs 851.1 crore, reflecting higher costs associated with the company’s rapid scale-up.
  • Investor sentiment strengthened with shares rising over 9% on BSE following broker buy ratings; rare earth magnet shortages prompted plans to slow production.