Ather Energy Q2 results: Revenue up 54%, loss narrows on 67% surge in sales

Ather Energy Q2 results FY26: Net loss stood at ₹154.1 crore in Q2 FY26 vs ₹197.2 crore in Q2 FY25, on revenue that increased 54.1% YoY to ₹898.9 crore.

Updated on: Nov 10, 2025, 21:17:00 IST

By Tushar Deep Singh

Prefer HTon Google

Share via

Copy link

Ather Energy Ltd. narrowed its loss in the fiscal second quarter on higher sales from an expanding distribution network.

Ather Energy's sales rose 67% year-on-year to 65,595 units for a market share that improved 530 basis points to 17.4% in Q2 FY26. (Tushar Deep Singh/HT)

Net loss of the Rizta maker stood at ₹154.1 crore in three months ended 30 September 2025, as against ₹197.2 crore in the year-ago period, on revenue that increased 54.1% year-on-year to ₹898.9 crore, according to an exchange fiing on Monday (10 November 2025).

Ather Energy Q2 Results (YoY)

Revenue up 54.1% at ₹898.9 crore
EBITDA loss at ₹132.5 crore vs ₹139.4 crore
Net loss at ₹154.1 crore vs ₹197.2 crore

According to the company, its adjusted gross ebitda increased 84% year-on-year to ₹210.6 crore in Q2 FY26, with a gross margin of 22%—up 300 basis points over the year-ago period. That was largely on the back of rising non-core revenue from software subscriptions (AtherStack).

One basis point is one-hundredth of a percentage point.

“Q2 has been a strong quarter, with steady growth in the market share and continued progress on our path to profitbability,” Tarun Mehta, co-founder and chief executive at Ather Energy, said in a statement on Monday.

Ather Energy: Sales Stats

The Bengaluru-based electric two-wheeler maker opened 78 new, so-called “experience centres” during July-September, thereby increasing its pan-India footprint to 524. These stores brought in a 67% year-on-year surge in sales to 65,595 units for a market share of 17.4% in Q2 FY26 versus 12.1% in Q2 FY25.

“The response to Rizta and our strategic retail expansion pan-India have been key contributors to this momentum,” Mehta said.

As on 30 September, Ather had 4,332 fast-charging points and neighbourhood chargers across India, Nepal and Sri Lanka, up from 4,032 in Q1 FY26.

On Monday, Ather Energy shares fell 4.52% to ₹625.10 apiece on the BSE even as the benchmark Sensex ended the day 0.38% higher at 83,535.35 points. The quarterly results were declared after market hours.

ABOUT THE AUTHOR
Tushar Deep Singh
Tushar Deep Singh is a business journalist and digital editorial leader with 12 years of experience in financial journalism. Currently Assistant Editor at Hindustan Times, he is building the HT Business vertical and managing the newsletters for both Livemint and HT. When not in the newsroom, he can be found on a motorcycle. Throughout his career, Tushar has been instrumental in scaling digital publishing operations at some of India’s largest financial news websites. His six-year tenure at Mint—the first job—saw him plunge into online media to deliver record-breaking digital engagement for Livemint.com, including 7.2 million page views on 2017 UP Election Results day. He held fort at Livemint during a senior-level leadership transition later that year. That won him the HT Media Star Award (Bronze) in 2017 and a Certificate of Appreciation for Editorial Excellence in 2018. As the head of the digital desk at ETtech, he curated two daily, full-stack newsletters from an editorial as well as product perspective. At NDTV Profit, he transitioned from website editor to principal correspondent, reporting on the auto sector for the TV channel and website, thereby adding yet another layer to his editorial expertise. He is a post-graduate in journalism from Xavier Institute of Communications, Mumbai, and a graduate from St. Xavier's College, Ahmedabad.Read More

Ather Energy

Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.