Ather Energy Reports ₹1,260 Cr Income in Q1 FY27: 83,173 Units Delivered, Demand Exceeded Supply

Electric bike manufacturer Ather Energy has reported its Q1 FY27 financial results. Income for the quarter was ₹1,260 crore, up 87.2 percent YoY. Consolidated net loss for the quarter reduced significantly to ₹51 crore from ₹178 crore a year ago. Even though the company benefited from a major spike in demand for electric bikes across India, it continued to face pressure due to inflation and increased raw material costs, particularly for copper, aluminium, lithium, and materials derived from petroleum and petrochemicals.

Ather said measures such as calibrated pricing actions, improved product mix management, value engineering, and supplier negotiations helped alleviate these issues, resulting in a consolidated Adjusted Gross Margin (AGM) of ₹282 crore, up 82.3 percent YoY. Consolidated EBITDA came in positive at ₹9 crore, compared to a loss of ₹106 crore in the year-ago quarter.

The company also said it delivered 83,173 units during the quarter, up 80.5 percent YoY, and pre-orders grew 158 percent YoY to approximately 1,50,000. This comes after it sold a record 83,418 units in Q4 FY26. Ather added that demand for its current portfolio, consisting of the Rizta family scooter and more premium 450-series models, is currently exceeding its available production capacity.

Vehicle registrations increased by 68 percent YoY, to approximately 5,25,000 units, the company said citing Vahan data. EV penetration in India crossed 10 percent for the first time in June 2026. Customer enquiries increased 95 percent YoY to approximately 7,07,000.

The company is set to enter its next growth phase with the launch of a new mass-market model on August 29. Based on its new EL platform, the upcoming model is expected to attract a large potential customer base. The company is in the process of expanding its manufacturing facility at Chhatrapati Sambhaji Nagar, Maharashtra and expects to begin production there in Q3 FY27, giving it an additional annual production capacity of 5,00,000 units. Total planned annual production capacity across all manufacturing facilities is 14,20,000 million electric two-wheelers.

Announcing the financial results, Tarun Mehta, co-founder and CEO, Ather Energy, said "We continued to see strong demand across our portfolio, as structural tailwinds from both policy support and shifting customer sentiment translated into a massive upsurge for our products, with demand far outstripping supply. This gives us confidence that the market continues to expand. In the coming months, we are particularly excited about our new product on the EL platform, commencing production alongside the scale-up of our new factory at AURIC. Together, they position us well for the next phase of Ather's growth.”