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Ather Energy announced that its family scooter, the Rizta, has crossed the 3 lakh-unit sales milestone within two years of its launch. Introduced in April 2024 as Ather's first family scooter, the Rizta has played a key role in expanding Ather's reach across newer markets and customer segments, becoming the company's largest volume driver. The Rizta crossed the 2 lakh sales milestone in December 2025 and added the next 1 lakh units in just five months, underlining growing demand for family electric scooters and Ather's rapid expansion across newer markets.
Speaking on the milestone, Ravneet Singh Phokela, Chief Business Officer, Ather Energy, said, Since its launch, the Rizta was sharply positioned as a family scooter and has resonated extremely well with the family audiences across the country. The Rizta has helped us gain a leadership position in FY 26 in Southern India. Additionally, the Rizta has played a crucial role in expanding our market share in ‘middle India' by 4X since its launch in Maharashtra, Gujarat, Madhya Pradesh, Chhattisgarh, and Odisha. In FY '26 the Rizta constituted about 76% of our portfolio and continues to lead our growth.”
For the full year,net loss reported to Rs 517.17 crore in the year ended March 2026 as against net loss of Rs 812.28 crore during the previous year ended March 2025. Sales rose 62.83% to Rs 3671.76 crore in the year ended March 2026 as against Rs 2255.01 crore during the previous year ended March 2025.
Net sales for the period under review were Rs 953.60 crore, up 50.2% YoY.
For the quarter ended March 31, 2026, Ather Energy delivered volumes of 83,418 units, up 76% YoY, supported by the expansion of its retail network to 700 Experience Centres with 100 additions during the quarter.
This scale-up drove total income of Rs 1,214 crore, up 76% YoY, with continued strength in non-vehicle revenue contribution. In Q4, 93% of customers opted for AtherStack Pro, underscoring strong engagement with Ather’s software-led ecosystem.
Total operating expenditure rose by 32.9% to Rs 1030.60 crore in Q4 FY26 over Q4 FY25.
The company posted a pre-tax loss of Rs 84.60 crore in Q4 FY26 as against a pre-tax loss of Rs 197.80 crore in Q4 FY25.
The adjusted gross margin for Q4 FY26 showed a substantial improvement, expanding by nearly 700 basis points to 25%, compared to 18% in Q4 FY25.
EBITDA margin narrowed to (2.5%) in Q4 FY26, a 2080 basis point improvement YoY, with EBITDA loss of Rs 30 crore. The improvement was driven by sustained volume scaling, operating leverage, and continued gains in unit economics.
For FY26, Ather Energy has registered a net loss of Rs 812.30 crore on sales of Rs 2255 crore. The company had recorded a net loss and sales of Rs 885.10 crore and Rs 1753.80 crore in FY24, respectively.
Tarun Mehta, co-founder & CEO, Ather Energy, said: 'FY26 has been a fantastic year for us across volumes, market share, and financial performance.
We focused on building demand through strong product-led growth and scaling it through distribution. Rizta helped us unlock a much larger addressable market, and with that, we expanded our retail network. That demand translated into strong volume growth and better unit economics.
With our new scooter platform, EL, we have the opportunity to replicate the same growth levers at potentially a larger scale, going after the biggest total addressable market in the Indian E2W segment. Coupled with that, our investments in Factory 3.0 at AURIC will give us the scale and efficiency to serve that demand and set us up for the next phase of growth.'
Ather Energy designs and manufactures high-performance electric scooters. The company’s current E2W portfolio consists of two distinct product lines, viz., the Ather 450 series and the Ather Rizta, and together, these product lines offer a total of nine variants.
The scrip fell 2.90% to currently trade at Rs 907.60 on the BSE.
The draft policy also outlines financial incentives to boost adoption. Buyers of electric two-wheelers may receive subsidies of up to Rs 30,000 in the first year, with incentives linked to battery capacity over a three-year period. Additional benefits include exemption from road tax and registration fees for most EVs.
The draft policy is open for public feedback for 30 days, after which the final version will be issued incorporating stakeholder inputs.
The measures are expected to make electric two-wheelers more affordable and attractive, supporting demand growth for companies like Ather Energy. The policy also focuses on expanding charging infrastructure and promoting a sustainable mobility ecosystem in the capital.
Ather Energy is one of India’s leading electric two-wheeler manufacturers.
On a standalone basis, the company reported a net loss of Rs 84.60 crore in Q3 December 2025, narrowing sharply from a loss of Rs 197.80 crore in Q3 December 2024 and lower than the Rs 154.10 crore loss in Q2 September 2025.
Net sales jumped 50.20% year-on-year and 6.09% quarter-on-quarter to Rs 953.60 crore in December 2025 quarter.
HEG Ltd, Eicher Motors Ltd, Craftsman Automation Ltd, Jubilant Foodworks Ltd are among the other stocks to see a surge in volumes on BSE today, 11 February 2026.
Ather Energy Ltd clocked volume of 41.14 lakh shares by 10:45 IST on BSE, a 21.92 times surge over two-week average daily volume of 1.88 lakh shares. The stock lost 0.16% to Rs.725.95. Volumes stood at 48489 shares in the last session.
HEG Ltd witnessed volume of 10.62 lakh shares by 10:45 IST on BSE, a 16.31 times surge over two-week average daily volume of 65121 shares. The stock dropped 4.30% to Rs.537.05. Volumes stood at 68145 shares in the last session.
Eicher Motors Ltd saw volume of 1.2 lakh shares by 10:45 IST on BSE, a 15.56 fold spurt over two-week average daily volume of 7725 shares. The stock increased 6.52% to Rs.7,772.15. Volumes stood at 8763 shares in the last session.
Craftsman Automation Ltd witnessed volume of 51722 shares by 10:45 IST on BSE, a 8.45 times surge over two-week average daily volume of 6121 shares. The stock increased 3.20% to Rs.8,097.35. Volumes stood at 500 shares in the last session.
Jubilant Foodworks Ltd witnessed volume of 3.94 lakh shares by 10:45 IST on BSE, a 7.67 times surge over two-week average daily volume of 51400 shares. The stock dropped 1.22% to Rs.547.00. Volumes stood at 77348 shares in the last session.
Shares of Sammaan Capital are banned from F&O trading on Tuesday, 3 February 2026.
Stocks to Watch:
Export and import oriented stocks will be in focus after India and United States signed a trade deal under which tariffs will be reduced from 50% to 18% while the additional 25% duty linked to the purchases of Russian crude oil will be eliminated.
Ather Energy’s consolidated net loss narrowed to Rs 84.6 crore in Q3 Fy26 compared with net loss of Rs 197.8 crore in Q3 FY25. Revenue from operations jumped 50.2% YoY to Rs 953.6 crore in Q3 FY26.
Tata Chemicals’ consolidated net loss widened to Rs 93 crore compared with net loss of Rs 53 crore posted in corresponding period last year. Revenue from operations fell 1.11% YoY to Rs 3350 crore during the quarter.
Bajaj Housing Finance reported a 21.33% jump in standalone net profit to Rs 664.89 crore on 17.85% increase in revenue from operations to Rs 2885.93 crore in Q3 FY26 over Q3 FY25.
RailTel Corporation of India reported a 4.07% decline in consolidated net profit to Rs 62.40 crore despite a 19% jump in revenue from operations to Rs 913.45 crore in Q3 FY26 over Q3 FY25.
Adani Ports & Special Economic Zone (APSEZ) handled total cargo of 44.8 MMT in January 2026, marking a 12% year-on-year increase. The growth was led by containers (up 16% YoY), liquids (up 21% YoY) and dry cargo (up 8% YoY).
Maruti Suzuki India’s production volume increased 9.33% to 226,146 units in January 2025, compared with 206,851 units produced in January 2024.
For the quarter ended December 2025, Ather Energy reported total income of Rs 995.7 crore, up 53% YoY, driven by robust volume growth and a rising contribution of non-vehicle revenue, including software subscriptions, charging, accessories, spares, and service, which rose to 14% of revenue.
Adjusted Gross Margin (AGM) reached Rs 251.3 crore in Q3 FY26, up 111% YoY, while AGM excluding incentives improved to 23%, up ~1,100 bps YoY. This was driven by Ather’s value engineering capabilities and the ability to command strong premiums, reflecting a continued focus on healthier unit economics and structurally stronger margins.
EBITDA margin narrowed significantly to (-3%), driven by better unit economics, disciplined cost management, and operating leverage as volumes scaled. Losses continued to shrink, with EBITDA loss down to Rs 29.9 crore, and the quarterly loss narrowing by 45% compared to Q2 FY26, underscoring steady progress toward profitable, sustainable growth.
During the quarter, the company reported highest-ever quarterly volumes of 67,851 units, delivering 50% YoY growth. Ather Energy’s market share continued to strengthen in India’s electric two-wheeler market in Q3 FY26, with a pan-India market share of 18.8%. South India remained Ather’s strongest region, retaining leadership with a 24.4% market share. Middle India continued its upward trajectory, with market share almost doubling to 17.4% from 8.8% in Q3 FY25, driven by strong performance across Gujarat, Madhya Pradesh, Maharashtra, and Odisha. In the Rest of India, market share rose to 12.6%, reflecting steady growth across northern and emerging markets.
Ather added 76 new Experience Centres (ECs) in Q3, taking its national network to 600 ECs. South India continued to have the deepest presence with 261 ECs, followed by Middle India with 202 ECs and the Rest of India with 137 ECs. Charging infrastructure also expanded steadily, with the Ather Grid network expanding to 4,357 fast-charging points and neighbourhood chargers across India, Nepal, and Sri Lanka.
Tarun Mehta, executive director & CEO, Ather Energy, said, 'Q3 has been a strong quarter for us. Robust festive demand, healthy volume growth, and improving market share together drove our best quarterly revenue and EBITDA so far. Over the past few quarters, we have stayed very focused on getting the fundamentals right by improving unit economics, margins, and operating leverage, and that effort is now clearly showing in the improvement in EBITDA. What is particularly encouraging is the strength of our ecosystem. AtherStack attach rates remain very high, and customer engagement is deepening even as our sales scale. All of this gives us confidence that the business is structurally prepared for sustainable, long-term growth.'
Meanwhile, the company's board approved incorporation of a wholly owned subsidiary in Hong Kong to support the Company’s critical procurement functions and enhance supply chain resilience within the Asia-Pacific (APAC) region.