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Ather Energy Slashes Net Loss by 57% in Q3
2 Feb
Summary
- Net loss narrowed significantly to ₹83.6 crore from ₹197.6 crore year-on-year.
- Revenue grew 50% to ₹953.6 crore, driven by robust volume expansion.
- Quarterly sales reached 67,851 units, the highest ever for the company.
Electric two-wheeler manufacturer Ather Energy Ltd. has reported a notable reduction in its net loss for the third quarter, with the figure standing at ₹83.6 crore compared to ₹197.6 crore in the same period last year. This marks a significant financial turnaround for the company.
The company's revenue experienced a robust 50% year-on-year growth, climbing to ₹953.6 crore. This substantial increase was primarily fueled by strong volume expansion and a growing contribution from non-vehicle revenue sources, which now constitute 14% of overall revenue.
Ather Energy achieved its highest quarterly sales volumes, selling 67,851 units, representing 50% year-on-year growth. The company's overall market share in India expanded to 18.8% during the third quarter of FY26. This performance was bolstered by strong festive demand.
