Ather Energy stock doubles as FY26 revenue hits Rs 3,823 crore, retail network expands to 700 centres
Ather Energy's shares surged ~200% in a year on strong FY26 results—revenue of Rs 3,823 crore and 262,942 EVs sold. The retail footprint doubled to 700 Experience Centres and 548 service centres, backed by 6,000+ charging points, with a new Maharashtra plant planned by FY27.
What happened
Ather Energy's stock surged ~200% in a year on strong FY26 results—revenue Rs 3,823 crore, 262,942 EVs sold, retail network doubled to 700 Experience Centres,
Key facts
- +200% 1-year stock
- 83,418 vehicles Q4FY26
- Rs 1,214 crore Q4 revenue
- 25% adjusted gross margin
- EBITDA loss Rs 30 crore
- 2,62,942 units FY26
- Rs 3,823 crore total income
- 700 Experience Centres
- 548 service centres
- 6,000+ charging points
- 52-week high Rs 1,069
- 42,000 units/month new capacity
Why this matters
The planned Maharashtra plant by FY27 and rapid retail expansion open partnership, supply-chain, and capacity-financing angles worth engaging ahead of the next capex cycle.
What to watch
- FAME/state EV subsidy policy changes
- Quarterly unit sales and gross margin trajectory
- Competitive pricing moves from Ola Electric, TVS, Bajaj
- Maharashtra plant commissioning timeline and capex spend
- Same-store productivity of new 700 Experience Centres
- Accelerate Maharashtra plant build-out to lock in FY27 capacity ahead of demand
- Push service and charging network expansion to deepen the retail moat
- Introduce lower-price models or financing to broaden addressable market
- Manage investor expectations with margin/profitability guidance to defend valuation