Ather Energy Ltd

Ather Energy has approved the grant of 24,231 Employee Stock Options (ESOPs) under Ather Energy ESOP 2025 (ESOP Plan) to the eligible employees of the Company on 28 November 2025. Powered by Capital Market - Live

Ather Energy has allotted 7,69,375 equity shares under ESOP on 25 November 2025. Consequent to above, the paid-up share capital of the Company has increased from Rs. 38,06,37,934/- consisting of 38,06,37,934 equity shares of Rs. 1/- each to Rs. 38,14,07,309/- consisting of 38,14,07,309 equity shares of Rs. 1/- each. Powered by Capital Market - Live

Ather Energy announced the launch of the Rizta in Sri Lanka at the Colombo Motor Show 2025. The launch, in partnership with Evolution Auto, Ather's authorized distributor in Sri Lanka, marks the next step in Ather's international growth strategy, focused on expanding its product portfolio and strengthening its ecosystem in key international markets. Ather entered Sri Lanka in December 2024 with the Ather 450X and has since established a growing footprint with 40 Experience Centers, as on date, operated by Evolution Auto. Moreover, with an aim to establish the ecosystem around EVs, Ather has also installed Ather Grid fast chargers, to support convenient and reliable EV ownership in the country. Powered by Capital Market - Live

While the buyers and sellers were not disclosed, media reports suggest that National Investment and Infrastructure Fund II may have offloaded a 2.34% stake. The deal is believed to have been executed at a floor price of Rs 620 per share, about 1.44% lower than Wednesday's BSE close of Rs 629.05. Volumes jumped sharply during the session. On the BSE, 24.93 lakh shares changed hands against a three-month average of 5.39 lakh shares. On the NSE, trading rose to 52.64 lakh shares, outpacing the three-month average of 44.09 lakh shares. As of September 2025, NIIF II held 4.67% in Ather Energy. Following the block trade, the stock touched a high of Rs 659.85 on the NSE, rising 4.9% in early deals. Ather Energy designs and manufactures electric scooters. Its current E2W portfolio consists of the Ather 450 series, focused on performance-oriented customers, and the Ather Rizta, a convenience-first family scooter line launched in 2024. On a standalone basis revenue from operations rose 54% year-on-year and 39.45% quarter-on-quarter to Rs 898.9 crore in Q2 FY26. The company's loss after tax reduced to Rs -154.1 crore in Q2 FY26 from Rs -197.2 crore in Q2 FY25 and Rs -178.2 crore in Q1 FY26. On the market front, Ather's share in India's EV two-wheeler market rose to 17.4%, up from 12.1% in Q2 FY25 and 14.3% in Q1 FY26. Powered by Capital Market - Live

On a standalone basis revenue from operations rose 54% year-on-year and 39.45% quarter-on-quarter to Rs 898.9 crore in Q2 FY26. For the quarter ended September 2025, Ather Energy reported total income of Rs 940.7 crore, up 57% year-on-year and 40% quarter-on-quarter, driven by sustained volume growth with stable pricing. The company's loss after tax reduced to Rs -154.1 crore in Q2 FY26 from Rs -197.2 crore in Q2 FY25 and Rs -178.2 crore in Q1 FY26. EBITDA performance improved during the quarter, supported by cost discipline. Margins strengthened by over 1,100 bps year-on-year and 600 bps quarter-on-quarter to reach (10%). EBITDA losses narrowed to Rs -90.7 crore in Q2 FY26 as against Rs -124 crore in Q2 FY25. Total expenditure increased 43% YoY and 32% QoQ to Rs 1,031.4 crore. The cost of materials consumed climbed 46% YoY to Rs 736.4 crore, while employee benefits expenses were up 3.7% YoY to Rs 114 crore. Depreciation remained stable at Rs 42.6 crore, and interest expense declined 32% YoY to Rs 20.8 crore. Vehicle volumes jumped 67% YoY to 65,595 units, while non-vehicle revenue, comprising software subscriptions, charging services, spares, and accessories, contributed 12% of total income, underscoring Ather's ecosystem-led growth model. On the market front, Ather's share in India's EV two-wheeler market rose to 17.4%, up from 12.1% in Q2 FY25 and 14.3% in Q1 FY26. The company maintained leadership in South India with a 25% market share, while Middle India emerged as the fastest-growing region at 14.6%, driven by rising adoption in Gujarat, Maharashtra, and Madhya Pradesh. Tarun Mehta, executive director & CEO, Ather Energy, said, Q2 has been a strong quarter, with steady growth in market share and continued progress on our path to profitability. We saw continued improvement in EBITDA margin with improving operating leverage. Our strategic focus on Middle India has delivered results, with several states scaling up rapidly. The Rest of India has also grown strongly, making our expansion more broad-based. In the South, we continue to lead the market and are seeing a new growth story driven by a denser retail presence across key cities. The response to Rizta and our ongoing retail expansion pan-India have been key contributors to this momentum. Ather Energy designs and manufactures electric scooters. Its current E2W portfolio consists of the Ather 450 series, focused on performance-oriented customers, and the Ather Rizta, a convenience-first family scooter line launched in 2024. Powered by Capital Market - Live

Net Loss of Ather Energy reported to Rs 154.10 crore in the quarter ended September 2025 as against net loss of Rs 197.20 crore during the previous quarter ended September 2024. Sales rose 54.05% to Rs 898.90 crore in the quarter ended September 2025 as against Rs 583.50 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales898.90583.50 54 OPM %-14.74-23.89 - PBDT-111.50-154.60 28 PBT-154.10-197.20 22 NP-154.10-197.20 22 Powered by Capital Market - Live

Ather Energy will hold a meeting of the Board of Directors of the Company on 10 November 2025.Powered by Capital Market - Live

Ather Energy announced a significant production milestone with the roll-out of its 5,00,000th vehicle from its manufacturing plant in Hosur, Tamil Nadu. The milestone vehicle was Ather's flagship family scooter, Rizta, which has rapidly emerged as one of the strongest growth drivers for the brand since its launch last year. Powered by Capital Market - Live

Ather Energy announced three major initiatives designed to address the key barriers preventing consumers from switching to electric vehicles. The company has introduced Battery as a Service (BaaS), expanded its Assured Buyback programme to a larger customer base, and launched an Extended Comprehensive Warranty (ECW). All of these initiatives are aimed at making electric scooters a more accessible and worry-free choice for Indian families. The initiatives directly address the three primary concerns that potential EV buyers face: upfront costs, uncertainty about resale value and warranty concerns. With BaaS, customers can now purchase the Ather Rizta starting at Rs 75,999 (ex-showroom Lucknow) and the 450 Series starting at Rs 84,341 (ex-showroom Lucknow), with flexible monthly plans for battery usage, offered by banks/non-banking financial corporations and other entities with whom Ather has partnered. Powered by Capital Market - Live

Ather Energy announced that the 12th Annual General Meeting(AGM) of the company will be held on 17 September 2025.Powered by Capital Market - Live