Ather Energy Shares Hit 52-Week High as Losses Narrow

Shares of Ather Energy rose 18% to a 52-week high of ₹1,500 on Tuesday following a strong financial report for the first quarter ended June 30, 2026. The company narrowed its consolidated net loss by 71% to ₹51.1 crore from ₹178.2 crore the previous year and achieved its first positive consolidated EBITDA of ₹9 crore.

Revenue from operations nearly doubled, rising approximately 89% to ₹1,217 crore. This growth was driven by an 81% increase in unit dispatches, strong demand for the family-focused Rizta scooter, and contributions from software subscriptions and after-sales services. Despite these gains, the company faced rising raw material costs for lithium, copper, and aluminium, exacerbated by conflict in West Asia. Ather mitigated these pressures through calibrated price increases and value engineering.

To address production bottlenecks where demand has outstripped supply, the company is expanding capacity. Ather is commissioning a new facility in Aurangabad to increase annual capacity from 4.2 lakh to 9.2 lakh units upon completion of Phase 1 this year, with a potential increase to 14.2 lakh units in Phase 2. Production at Factory 3.0 in Chhatrapati Sambhaji Nagar is expected to begin in the third quarter of FY27.

On August 29, the company will unveil a new production scooter on its EL platform, priced between ₹1 lakh and ₹1.25 lakh, to target the mass market. Following the earnings report, Nomura Holdings named the company its top two-wheeler pick, while CLSA and HSBC maintained positive ratings.