EV maker Ather Energy Q1 losses narrow by 71% to Rs 51 Cr
Ather said it is seeing strong tailwinds due to policy support and consumer demand. The company delivered 83,173 units during the quarter, up 80.5% YoY.
Electric two-wheeler manufacturer Ather Energy reported a significant narrowing of its consolidated net loss for the first quarter of fiscal year 2027. The company's loss narrowed by 71% to Rs 51 crore from Rs 178 crore in the same period last year. This improvement was accompanied by a substantial increase in total income, rising by 87.2% year-on-year to Rs 1,260 crore.
The surge in income was largely due to non-vehicle revenue streams, including software subscriptions, charging services, accessories, spares, and services. Ather also turned its EBITDA positive for the quarter, reporting a profit of Rs 9 crore, a sharp contrast to the previous year's EBITDA loss of Rs 106 crore. The company delivered 83,173 units during Q1 FY27, marking an 80.5% year-over-year increase.
Company co-founder and CEO Tarun Mehta expressed optimism about Ather's growth trajectory, attributing the positive results to supportive policies and shifting customer sentiment that translated into strong demand for the company's products. Ather's Factory 3.0 at its AURIC manufacturing facility in Chhatrapati Sambhaji Nagar's Phase 1 is expected to commence production during the third quarter of fiscal year 2027, with the completion of Phases 1 and 2 slated to raise the company's total installed annual production capacity to 1.42 million electric two-wheelers.
Industry registrations for electric vehicles have also surged, increasing by 68% year-over-year to approximately 525,000 units, according to Vahan data. EV penetration in the market crossed the 10% mark for the first time in June 2026.
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