Ather Energy Slashes Quarterly Losses by Over 50% as FY26 Ends

Indian electric bike manufacturer Ather Energy has reported a substantial improvement in its financial performance for the final quarter of FY26. The company narrowed its quarterly losses significantly, bolstered by a sharp rise in demand for its latest electric scooter model, the Rizta.

According to official financial filings for the quarter ended 31 March, the Bengaluru-based start-up recorded a loss of ₹1 billion. This represents a marked recovery compared to the ₹2.34 billion loss reported during the same period in the previous year.

The narrowing of the deficit is largely attributed to a robust jump in sales volumes, which reached a record 83,418 units during the fourth quarter. This surge in volume, representing a 76% increase, helped push the company’s quarterly revenue up by 73.8% to ₹11.75 billion.

Also read: Ather Energy Doubles Its Service Network to 500 Centres Across India

The Rizta, a family-oriented scooter designed for comfort and utility, has emerged as the primary growth driver for the brand. By focusing on this segment, Ather has successfully expanded its footprint into northern and central Indian markets.

While the company was a pioneer in the premium electric two-wheeler space with its 450 series, it has recently faced stiff competition from established giants like Bajaj Auto and TVS Motor. These legacy manufacturers possess larger distribution networks and deeper financial reserves.

Despite the positive momentum, Ather management noted that the past fiscal year was not without hurdles. The company navigated various supply chain disruptions and remains cautious about the future. Executives warned that commodity prices might remain volatile due to ongoing global geopolitical tensions.

Currently, Hero MotoCorp continues to be a major backer of the firm, maintaining a 30.14% stake in Ather Energy as it prepares for its next phase of expansion.