Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
Hero MotoCorp currently holds 29.88% of Ather on a fully diluted basis. Following the purchase, its stake will increase to up to around 32.8%.
The transaction will be completed by 3 September 2026. Hero MotoCorp will pay cash consideration of up to Rs 1,758 crore for the additional shares.
The company said no government or regulatory approvals are required for the transaction. It also said the purchase does not fall under related party transactions.
Ather was incorporated in India on 21 October 2013. It is engaged in designing, manufacturing, selling and servicing electric two-wheelers. It also operates charging infrastructure and provides services related to storage, distribution and management of electric power, including battery energy. The company has a presence across the country.
Ather reported turnover of Rs 3,671.76 crore for FY26, up from Rs 2,255 crore in FY25 and Rs 1,753.8 crore in FY24.
On a consolidated basis, Ather's net loss narrowed to Rs 51.09 crore in Q1 FY27 from Rs 178.23 crore in Q1 FY26 and Rs 100.23 crore in Q4 FY26. Revenue from operations surged 88.8% YoY and 3.6% QoQ to Rs 1,216.92 crore in the quarter ended 30 June 2026.
Adjusted gross margin stood at Rs 282 crore, up 82.3% YoY, although the adjusted gross margin percentage moderated to 22% from 23% a year ago. The company reported positive EBITDA of Rs 9.45 crore in Q1 FY27 against an EBITDA loss of Rs 105.97 crore in Q1 FY26. EBITDA margin improved to 1% from a negative 16% last year.
Ather Energy Ltd, Vedant Fashions Ltd, Alivus Life Sciences Ltd and KEI Industries Ltd are among the other gainers in the BSE's 'A' group today, 04 August 2026.
Restaurant Brands Asia Ltd surged 18.51% to Rs 83.99 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 31.74 lakh shares were traded on the counter so far as against the average daily volumes of 1.24 lakh shares in the past one month.
Ather Energy Ltd spiked 14.53% to Rs 1458.2. The stock was the second biggest gainer in 'A' group. On the BSE, 18.27 lakh shares were traded on the counter so far as against the average daily volumes of 4.05 lakh shares in the past one month.
Vedant Fashions Ltd soared 9.50% to Rs 457. The stock was the third biggest gainer in 'A' group. On the BSE, 1.4 lakh shares were traded on the counter so far as against the average daily volumes of 50985 shares in the past one month.
Alivus Life Sciences Ltd advanced 7.69% to Rs 1305. The stock was the fourth biggest gainer in 'A' group. On the BSE, 18285 shares were traded on the counter so far as against the average daily volumes of 11386 shares in the past one month.
KEI Industries Ltd spurt 7.53% to Rs 5387.4. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1.2 lakh shares were traded on the counter so far as against the average daily volumes of 36974 shares in the past one month.
Revenue from operations surged 88.8% YoY and 3.6% QoQ to Rs 1,216.92 crore in the quarter ended 30 June 2026.
Adjusted gross margin stood at Rs 282 crore, up 82.3% YoY, although the adjusted gross margin percentage moderated to 22% from 23% a year ago.
The company reported positive EBITDA of Rs 9.45 crore in Q1 FY27 against an EBITDA loss of Rs 105.97 crore in Q1 FY26. EBITDA margin improved to 1% from a negative 16% last year.
On the cost front, total expenditure increased 55.9% YoY but declined 0.5% QoQ to Rs 1,289.16 crore. Raw material consumption rose 90.4% YoY to Rs 957.32 crore, while employee expenses declined 0.4% YoY to Rs 118.17 crore. Interest costs fell 10.5% YoY to Rs 21.58 crore, while depreciation declined 19.1% YoY to Rs 38.96 crore.
Operationally, Ather delivered 83,173 electric two-wheelers during the quarter, up 80.5% YoY, while vehicle sales increased to 83,000 units from 46,000 units a year ago. Customer enquiries surged 95% YoY to 7.07 lakh and pre-orders jumped 158% YoY to 1.5 lakh, with demand continuing to outpace production. Revenue from software subscriptions, charging, accessories, spares and services increased to 14% of revenue from operations from 13% in Q1 FY26. Revenue per two-wheeler sold improved 3.4% YoY to Rs 1,25,891 from Rs 1,21,751 a year ago, while electric two-wheeler market share expanded to 16.8% from 14.2%.
Despite higher input costs for copper, aluminium, lithium and crude-linked materials, the company said calibrated price increases, improved product mix, value engineering and supplier negotiations helped sustain healthy margins.
To support future growth, Ather said its Factory 3.0 at AURIC in Chhatrapati Sambhaji Nagar remains on track, with Phase 1, having an annual production capacity of 5 lakh electric two-wheelers, expected to commence production in Q3 FY27. Upon completion of both phases, the company's total installed manufacturing capacity will increase to 14.2 lakh electric two-wheelers annually.
The company will unveil the first production scooter based on its all-new EL platform on 29 August 2026 at Ather Community Day. The next-generation platform is designed to improve scalability, manufacturing efficiency and support a broader product portfolio targeting a larger customer base.
Commenting on the outlook, co-founder and CEO Tarun Mehta said strong policy support and rising consumer adoption continue to drive demand for electric two-wheelers. He added that the upcoming EL platform launch and the commissioning of the new AURIC facility position Ather for its next phase of growth.
Ather Energy designs and manufactures premium electric two-wheelers, battery packs, charging infrastructure and software solutions. The company also operates Ather Grid, one of India's largest fast-charging networks for electric two-wheelers.
The exchange said the introduction of the contracts is based on the stock selection criteria prescribed by the Securities and Exchange Board of India (SEBI) and the regulator's approval.
NSE said the market lot and strike price scheme for the three securities will be announced through a separate circular on 25 August 2026. Details of the applicable quantity freeze will also be made available in the contract file before trading commences.
Ather Energy issued and allotted 1,08,15,307 equity shares of face value Re 1 each to eligible qualified institutional buyers at an issue price of Rs 1,202 per equity share (including a premium of Rs 1,201 per equity share), which is higher than the floor price of Rs 1,169.70 per equity share, aggregating to Rs1299.99 crore pursuant to the QIP issue.
The QIP issue opened on 15 July 2026 and closed on 20 July 2026.
With this allotment, the paid up equity share capital has increased to Rs 39,41,25,309 consisting of 39,41,25,309 equity shares of Rs 1 each.