Ather Energy Ltd

On a standalone basis, the company reported a net loss of Rs 84.60 crore in Q3 December 2025, narrowing sharply from a loss of Rs 197.80 crore in Q3 December 2024 and lower than the Rs 154.10 crore loss in Q2 September 2025. Net sales jumped 50.20% year-on-year and 6.09% quarter-on-quarter to Rs 953.60 crore in December 2025 quarter. For the quarter ended December 2025, Ather Energy reported total income of Rs 995.7 crore, up 53% YoY, driven by robust volume growth and a rising contribution of non-vehicle revenue, including software subscriptions, charging, accessories, spares, and service, which rose to 14% of revenue. Adjusted Gross Margin (AGM) reached Rs 251.3 crore in Q3 FY26, up 111% YoY, while AGM excluding incentives improved to 23%, up ~1,100 bps YoY. This was driven by Ather's value engineering capabilities and the ability to command strong premiums, reflecting a continued focus on healthier unit economics and structurally stronger margins. EBITDA margin narrowed significantly to (-3%), driven by better unit economics, disciplined cost management, and operating leverage as volumes scaled. Losses continued to shrink, with EBITDA loss down to Rs 29.9 crore, and the quarterly loss narrowing by 45% compared to Q2 FY26, underscoring steady progress toward profitable, sustainable growth. During the quarter, the company reported highest-ever quarterly volumes of 67,851 units, delivering 50% YoY growth. Ather Energy's market share continued to strengthen in India's electric two-wheeler market in Q3 FY26, with a pan-India market share of 18.8%. South India remained Ather's strongest region, retaining leadership with a 24.4% market share. Middle India continued its upward trajectory, with market share almost doubling to 17.4% from 8.8% in Q3 FY25, driven by strong performance across Gujarat, Madhya Pradesh, Maharashtra, and Odisha. In the Rest of India, market share rose to 12.6%, reflecting steady growth across northern and emerging markets. Ather added 76 new Experience Centres (ECs) in Q3, taking its national network to 600 ECs. South India continued to have the deepest presence with 261 ECs, followed by Middle India with 202 ECs and the Rest of India with 137 ECs. Charging infrastructure also expanded steadily, with the Ather Grid network expanding to 4,357 fast-charging points and neighbourhood chargers across India, Nepal, and Sri Lanka. Tarun Mehta, executive director & CEO, Ather Energy, said, Q3 has been a strong quarter for us. Robust festive demand, healthy volume growth, and improving market share together drove our best quarterly revenue and EBITDA so far. Over the past few quarters, we have stayed very focused on getting the fundamentals right by improving unit economics, margins, and operating leverage, and that effort is now clearly showing in the improvement in EBITDA. What is particularly encouraging is the strength of our ecosystem. AtherStack attach rates remain very high, and customer engagement is deepening even as our sales scale. All of this gives us confidence that the business is structurally prepared for sustainable, long-term growth. Meanwhile, the company's board approved incorporation of a wholly owned subsidiary in Hong Kong to support the Company's critical procurement functions and enhance supply chain resilience within the Asia-Pacific (APAC) region. Ather Energy is one of India's leading electric two-wheeler manufacturers. Powered by Capital Market - Live

Securities in F&O Ban: Shares of Sammaan Capital are ban from F&O trading on Tuesday, 3 February 2026. Stocks to Watch: Export and import oriented stocks will be in focus after India and United States signed a trade deal under which tariffs will be reduced from 50% to 18% while the additional 25% duty linked to the purchases of Russian crude oil will be eliminated. Ather Energy's consolidated net loss narrowed to Rs 84.6 crore in Q3 Fy26 compared with net loss of Rs 197.8 crore in Q3 FY25. Revenue from operations jumped 50.2% YoY to Rs 953.6 crore in Q3 FY26. Tata Chemicals's consolidated net loss widened to Rs 93 crore compared with net loss of Rs 53 crore posted in corresponding period last year. Revenue from operations fell 1.11% YoY to Rs 3350 crore during the quarter. Bajaj Housing Finance reported a 21.33% jump in consolidated net profit to Rs 664.89 crore on 17.85% increase in revenue from operations to Rs 2885.93 crore in Q3 FY26 over Q3 FY25. Railtel Corporation of India reported a 4.07% decline in consolidated net profit to Rs 62.40 crore despite a 19% jump in revenue from operations to Rs 913.45 crore in Q3 FY26 over Q3 FY25. Adani Ports & Special Economic Zone(APSEZ) handled 44.8 MMT of total cargo (up 12% YoY) during the January 2026. The growth was led by containers (up 16% YoY), liquids (up 21% YoY) and dry cargo (up 8% YoY). Maruti Suzuki India's production volume increased 9.33% to 226,146 units in January 2025, compared with 206,851 units produced in January 2024.Powered by Capital Market - Live

Ather Energy has allotted 4,94,266 equity shares under ESOP on 02 February 2026. Consequent to above, the paid-up share capital of the Company has increased from Rs. 38,18,41,151/- consisting of 38,18,41,151 equity shares of Rs. 1/- each to Rs. 38,23,35,417/- consisting of 38,23,35,417 equity shares of Rs. 1/- each. Powered by Capital Market - Live

Net Loss of Ather Energy reported to Rs 84.60 crore in the quarter ended December 2025 as against net loss of Rs 197.80 crore during the previous quarter ended December 2024. Sales rose 50.20% to Rs 953.60 crore in the quarter ended December 2025 as against Rs 634.90 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales953.60634.90 50 OPM %-7.55-22.16 - PBDT-49.20-154.10 68 PBT-79.60-197.80 60 NP-84.60-197.80 57 Powered by Capital Market - Live

Ather Energy will hold a meeting of the Board of Directors of the Company on 2 February 2026.Powered by Capital Market - Live

Ather Energy has allotted 4,33,842 equity shares under ESOP on 29 December 2025. Consequent to above, the paid-up share capital of the Company has increased from Rs. 38,14,07,309/- consisting of 38,14,07,309 equity shares of Rs. 1/- each to Rs. 38,18,41,151/- consisting of 38,18,41,151 equity shares of Rs. 1/- each. Powered by Capital Market - Live

Ather Energy today confirmed its plans to enter the auto insurance services space by incorporating a wholly owned subsidiary that will operate as a Corporate Agent. In an effort to make the ownership experience more seamless, the new entity will focus on offering auto insurance policies, in partnership with multiple insurers, for its customers across the country. The move will enable Ather to streamline its insurance offerings, enhance customer experience, and generate a recurring revenue stream by leveraging its existing user base. Through this platform, Ather intends to work with multiple insurance partners. By taking distribution in-house, Ather will also be able to innovate around EV-specific insurance products, simplify renewals, and potentially improve attach rates over time. Speaking on the announcement, Ravneet Singh Phokela, Chief Business Officer, Ather Energy, said, 'We have always believed that a good ownership experience goes beyond the vehicle itself. Insurance is a critical part of that journey today, and it's an area where the experience can be made significantly simpler and more predictable for customers. By bringing insurance distribution closer to the Ather ecosystem, we can make it simpler, more transparent, and better aligned with how our customers actually use their vehicles. Over time, this also gives us the ability to work with partners to design auto insurance products that reflect real EV usage, rather than adapting legacy frameworks. This is a measured but deliberate step, focused on strengthening the ownership experience while building a capability that complements our core offering and scales with the business.' Powered by Capital Market - Live

The company said it will set up a wholly owned subsidiary that will operate as a Corporate Agent and offer auto insurance policies in partnership with multiple insurers across India. The move is aimed at simplifying the ownership experience for Ather customers while creating a steady, recurring revenue stream. Ather said bringing insurance distribution in house will help streamline renewals, improve attach rates and enable the development of EV specific insurance products. The platform will primarily serve Ather's existing customer base, limiting acquisition costs and requiring only modest investment. Ravneet Singh Phokela, chief business officer at Ather Energy, said insurance is a critical part of the ownership journey and an area where the experience can be made simpler and more predictable. He added that the initiative will allow Ather to design products aligned with real world EV usage over time. The foray into insurance is part of Ather's broader strategy to build an integrated ecosystem around its electric scooters, spanning vehicles, charging, servicing, software, accessories and ecosystem products such as 'Eight70' Warranty, software, and now, insurance. Ather Energy designs and manufactures high-performance electric scooters. Its current E2W portfolio consists of two distinct product lines: the Ather 450 series, focused on performance-oriented customers, and the Ather Rizta, a convenience-first family scooter line launched in 2024. Together, these product lines offer a total of 9 variants. Ather operates the widest 2W fast charging network in the country. As of 30 September 2025, Ather has installed 4,322 Fast chargers and Neighbourhood chargers globally, including 4,282 across India and 40 across Nepal and Sri Lanka. On a standalone basis, the company's 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

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