Ather Energy Delivers Record Q3 FY26 with Highest-Ever Sales & Stronger Margins

Ather Energy reported its best-ever quarterly performance for the period ending December 2025 (Q3 FY26), driven by record sales, sharper margins, and a meaningful reduction in losses. The company’s total income rose 53 per cent year-on-year to ₹995.7 crore. While strong scooter demand played a key role, a growing share of revenue came from Ather’s ecosystem offerings such as software subscriptions, charging services, accessories, spares, and maintenance. Adjusted Gross Margin (AGM) improved massively by 111 per cent YoY (year-over-year) to ₹251.3 crore and EBITDA (earnings before interest, taxes, depreciation, and amortization) margin improved by 1,600 basis points to 3 per cent. Net loss too narrowed by 45 per cent compared to the previous quarter. 

During Q3, Ather sold 67,851 electric scooters, its highest-ever quarterly sales, reflecting a 50 per cent year-on-year growth. Festive season demand further boosted performance, with 30,900 monthly registrations, giving Ather a 20 per cent share of the national electric two-wheeler market during the peak month and securing the third position ahead of Hero MotoCorp and Ola Electric. The strong sales has been driven by the Ather Rizta, introducing a family scooter was a game changing move for the brand and it remains the third-highest selling scooter in the country behind the TVS iQube and the Bajaj Chetak. 

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South India continued to be Ather’s biggest stronghold, where it commanded a 24.4 per cent market share, supported by strong brand loyalty and a dense retail network. Meanwhile, Middle India nearly doubled its share to 17.4 per cent, led by Gujarat, Maharashtra, Madhya Pradesh, and Odisha. The Rest of India also showed steady traction, with market share rising to 12.6 per cent, indicating growing acceptance in northern and emerging markets.To support rising demand, Ather continued expanding its footprint across the country. The company added 76 new dealerships, taking the total to 600 locations. Its fast-charging network also grew to 4,357 points spread across India, which is the highest for any EV two-wheeler brand in our nation.