Ather Energy announced a very strong financial performance for first quarter of FY2026-27 (Q1 FY27) with a net loss of ₹51 crore and revenue from operations up 89% year-on-year to ₹1,217 crore. Electric scooters are now in high demand, sales are growing and the company is expanding in India’s fast-growing electric vehicle (EV) market.
The increase in revenue is a big deal of a first for the Bengaluru-based EV company to cross ₹1,200 crore revenue in one quarter. It is a sign that with production capacity to grow, dealership network to develop new products and new product launch we are seeing an improvement in the company's financial performance.
The loss was down to a net of ₹51 crore, which is quite a bit lower than in the same quarter of last year. With operating leverage being better and sales in the high end, the bottom line should improve in the future which is why we see the company getting profitable again.
The strong performance was driven by Ather's electric scooters: 450 series and recent Rizta family scooter, which has made the company available to urban commuters and family-oriented buyers.
The Indian electric two-wheeler market has grown rapidly, primarily due to rising fuel prices, growing consumer awareness, growing charging infrastructure and green mobility initiatives of the Government. Ather Energy has emerged as one of the top premium EV manufacturers, competing with Ola Electric, TVS Motor, Bajaj Auto, Hero MotoCorp and Honda in electric mobility.
Apart from vehicle sales, Ather continues to invest in product innovation, battery technology, software development, charging infrastructure and customer service. Ather Grid fast-charging network has been deployed across nearly all cities to offer the customers more convenience for electric vehicles.
Industry analysts think better economies of scale, localisation of parts and increasing production volumes will reduce manufacturing costs, which will help Ather to improve financial performance. With the erosion of losses, they are already making progress to sustainable profitability.
Investors and industry observers will continue to monitor Ather’s sales growth, gross margins, operating efficiency, and expansion strategy over the next quarter. India's EV adoption, the policy for the company with supportive government, and the development of battery technology are going to be very favourable to Ather in the future.
While there are lots of competitors in the electric two-wheeler industry, Ather’s brand positioning, premium product portfolio, advanced connected technology and growing retail presence continue to enhance the company’s market position.
Ather Energy achieved an 89% revenue growth to ₹1,217 crore and net loss to ₹51 crore in the quarter (Q1 FY27). The company’s financial health is improving and investor confidence in India’s rapidly expanding electric mobility industry is growing.
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