Ather Energy Hits Record Revenue and Narrows Losses in Q3 FY26

Hyderabad: Ather Energy has reported its strongest quarterly performance to date for the period ending December 2025. The electric two-wheeler manufacturer achieved a record total income of 995.7 crore, marking a 53% year-on-year increase. This growth was fueled by a 50% surge in volumes, with the company delivering 67,851 units during the quarter.

The company showed significant progress toward profitability as its EBITDA margin improved by 1,600 basis points year-on-year to -3%. Losses narrowed substantially, with the quarterly EBITDA loss falling to 29.9 crore, a 45% reduction compared to the previous quarter. This improvement is attributed to disciplined cost management and a 111% jump in Adjusted Gross Margin.

Ather’s national market share climbed to 18.8%, bolstered by a strong festive season where monthly registrations peaked at 30.9k units. While the company maintained its leadership in South India with a 24.4% market share, it saw rapid expansion in Middle India, where its market presence nearly doubled to 17.4%.

Operational growth remained aggressive with the addition of 76 new Experience Centres, bringing the total network to 600 locations. Non-vehicle revenue, including software subscriptions like AtherStack Pro and charging services, now accounts for 14% of total revenue. CEO Tarun Mehta noted that the focus on unit economics and operating leverage has structurally prepared the business for sustainable long-term growth.