Ather Energy Surges as Investors Cheer Q1 FY27 Turnaround

BY ADMIN • FILED 04 Aug 2026, 10:31 AM

Ather Energy Limited reported strong growth in the first quarter of FY27, driven by higher electric scooter sales and improved business performance. The company also announced ESOP allotments and grants for employees while continuing to invest in its long-term growth plans.

Ather Energy Reports Strong Revenue Growth

For the quarter ended June 30, 2026, Ather Energy reported:

Revenue from operations: ₹1,216.92 crore
Total income: ₹1,259.65 crore
Net loss: ₹51.09 crore

The company’s revenue increased sharply compared to ₹644.58 crore in the same quarter last year, reflecting strong demand for its electric vehicles.

Ather also significantly reduced its net loss from ₹178.23 crore in Q1 FY26 to ₹51.09 crore in Q1 FY27, showing a major improvement in profitability.

Key Highlights

Revenue from operations grew nearly 89% year-on-year.
Net loss narrowed by over 70% compared to the same quarter last year.
Total income reached ₹1,259.65 crore.
Employee benefit expenses remained stable at ₹118.17 crore.

Board Approves ESOP Allotment

The Board approved the allotment of 3,67,875 equity shares to employees who exercised their stock options under the Ather Energy ESOP 2025 Plan.

The company also granted 80,223 new employee stock options (ESOPs) to eligible employees to reward and retain talent.

Expansion Plans Continue

Ather is continuing to strengthen its business with several strategic initiatives.

New Insurance Business

During the quarter, the company incorporated Ather Insurance Limited, a wholly owned subsidiary. The new business will operate as a corporate insurance agent after receiving approval from the Insurance Regulatory and Development Authority of India (IRDAI).

The subsidiary aims to offer insurance products to Ather customers, improve customer experience, and create an additional source of recurring revenue.

International Expansion

Ather is also setting up a wholly owned subsidiary in Hong Kong to strengthen procurement operations and improve supply chain resilience across the Asia-Pacific region.

Fund Raising After the Quarter

After the June quarter ended, Ather completed a Qualified Institutional Placement (QIP) worth ₹1,300 crore.

In addition, the company’s board approved another fundraising plan of up to ₹1,200 crore through a combination of equity shares and convertible warrants, subject to shareholder and regulatory approvals.