Ather Energy stock doubles in a year as FY26 revenue climbs 66% and retail network expands to 700 centres
Ather shares are up ~200% over 12 months, hitting a 52-week high of Rs 1,069. FY26 saw 2.63 lakh units sold (+69%) and total income of Rs 3,823 crore (+66%). Experience Centres nearly doubled to 700 with 548 service centres and 6,000+ charging points. Analysts hold a Rs 1,150 target as EBITDA loss narrows to Rs 30 crore.
What happened
Ather Energy shares surged ~200% in a year on strong FY26 results—revenue Rs 3,823 crore, 2.63 lakh units sold, retail network doubled to 700 Experience
Key facts
- share up ~200% in 1 year
- 52-week high Rs 1,069
- 52-week low Rs 318.60
- Q4FY26 83,418 vehicles sold
- Q4 revenue Rs 1,214 crore
- adjusted gross margin 25%
- EBITDA loss Rs 30 crore
- FY26 sold 2,62,942 units up 69%
- FY26 total income Rs 3,823 crore up 66%
- 700 Experience Centres from 351
- 548 service centres
- 6,000+ charging points
- target price Rs 1,150
- 42,000 units/month new capacity by FY27
Why this matters
Ather's rapidly scaling distribution and charging infrastructure alongside a narrowing loss profile makes it a maturing EV platform worth watching for partnership, supply-chain, or consolidation plays in India's two-wheeler mobility space.
What to watch
- Quarterly EBITDA turning positive or reversing to wider loss
- Monthly registration data showing share gains or slippage
- FAME/state EV subsidy policy changes
- Battery/commodity cost movements affecting gross margin
- Competitor price cuts or aggressive dealership expansion
- Stock breaking above Rs 1,150 target or losing 52-week high support
- Monitor monthly VAHAN registration share vs Ola, TVS, Bajaj
- Track opex growth from 700-centre expansion against revenue
- Watch for guidance on breakeven timeline and gross margin
- Assess new model launches (Rizta family, entry EVs) for volume mix
- Gauge institutional/analyst target revisions post-52-week high