Athira Sethu
Kochi, 18 Nov 2025
Ather Energy’s Q2FY26 Earnings Reflect Strong Revenue Growth Amid Narrowing Losses.
Ather Energy’s Q2FY26 results show a strong upward trajectory, driven by rising revenue and improving market share. Despite facing a net loss, the company continues to show resilience with narrowing losses and strategic growth through higher deliveries, especially during the festive season.
Financial Highlights for Q2FY26:
| Metric | Q2 FY26 | Q2 FY25 | YoY Change | Q1 FY26 | QoQ Change |
| Revenue from Operations | Rs 898 crore | Rs 583 crore | +54% | Rs 644 crore | +39% |
| Net Loss | Rs 154 crore | Rs 197 crore | -22% | Rs 178 crore | -13% |
| Total Income | Rs 941 crore | Rs 599 crore | +57% | Rs 705 crore | +33% |
| Total Expenses | Rs 1,095 crore | Rs 799 crore | +37% | Rs 1,001 crore | +9% |
| Raw Material Costs | Rs 736 crore | Not reported | N/A | Not reported | N/A |
| Employee Benefit Expenses | Rs 114 crore | Rs 114 crore | 0% | Rs 114 crore | 0% |
| Other Expenses | Rs 187 crore | Rs 128 crore | +46% | Rs 174 crore | +7% |
Performance Comparison with Ola Electric (Q2 FY26):
| Metric | Ather Energy | Ola Electric | YoY Change (Ather) | YoY Change (Ola) |
| Revenue from Operations | Rs 898 crore | Rs 690 crore | +54% | -43% |
| Net Loss | Rs 154 crore | Rs 418 crore | -22% | -15% |
| Operating EBITDA Loss | Not reported | Rs 203 crore | N/A | +46% |
First Half FY26 Financial Overview:
| Metric | H1 FY26 | H1 FY25 | YoY Change |
| Total Income | Rs 1,614 crore | Rs 967 crore | +67% |
| Net Loss | Rs 332 crore | Rs 380 crore | -13% |
Key Market Performance for Q2FY26:
| Metric | Ather Energy | Ola Electric |
| Best Monthly Performance | 26,713 units sold | 15,481 units sold |
| Market Share | 19.6% | 11.6% |
