Ather Energy stock doubles in a year on record FY26 EV sales and network expansion
Ather Energy shares are up ~200% in 12 months, hitting a 52-week high of Rs 1,069. FY26 saw 2.63 lakh units sold (up 69%) and income of Rs 3,823 crore (up 66%). Experience Centres nearly doubled to 700, backed by 548 service centres and 6,000+ charging points, with a new Maharashtra plant adding 42,000 units/month by FY27.
What happened
Ather Energy stock surged ~200% in a year, backed by record FY26 sales of 2.63 lakh EVs, Rs 3,823 crore income, and retail network nearly doubling to 700
Key facts
- stock up ~200% in 1 year
- 52-week high Rs 1,069
- 52-week low Rs 318.60
- Q4FY26 sold 83,418 vehicles up 76% YoY
- Q4 revenue Rs 1,214 crore
- adjusted gross margin 25%
- EBITDA loss Rs 30 crore
- FY26 sold 2,62,942 units up 69%
- FY26 income Rs 3,823 crore up 66%
- 700 Experience Centres from 351
- 548 service centres
- 6,000+ charging points
- 42,000 units/month new capacity by FY27
Why this matters
Ather's rapid network expansion and added manufacturing capacity position it as a strengthening EV player worth watching for supply-chain partnerships, charging-infrastructure tie-ups, or regional distribution deals as it scales toward FY27.
What to watch
- FFY26-27 EBITDA breakeven guidance or profitability commentary
- FAME/state EV subsidy policy changes or GST tweaks
- Competitive price cuts or new launches in the 100-150cc-equivalent segment
- Lock-up expiry or promoter/PE block deals post-IPO
- Battery/lithium input cost swings
- Monitor monthly VAHAN registration share vs Ola/TVS/Bajaj to gauge volume durability
- Track gross margin and cash burn trajectory in next quarterly filing
- Watch Maharashtra plant commissioning timeline and utilization toward FY27 42k/month
- Assess dealer/service-center productivity (units per Experience Centre) as network doubles