Ather Energy stock nearly doubles as FY26 EV sales hit record 2.63 lakh units
Ather Energy shares surged ~200% in a year to a 52-week high of Rs 1,069 after FY26 delivered record sales of 2,62,942 EVs (up 69%), revenue of Rs 3,823 crore (up 66%) and a retail network nearly doubling to 700 Experience Centres. Analysts stay bullish with a target of Rs 1,150.
What happened
Ather Energy's stock rose nearly 200% in a year as FY26 posted record sales of 2,62,942 EVs, revenue Rs 3,823 crore, and retail network nearly doubled to 700
Key facts
- share up ~200% in 1 year
- 52-week high Rs 1,069
- Q4FY26 sales 83,418 units up 76%
- Q4 revenue Rs 1,214 crore
- gross margin 25%
- FY26 sales 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 by FY27
- target Rs 1,150
Why this matters
Ather's rapid network expansion and volume momentum make it a strengthening consolidation anchor in India's EV two-wheeler space, worth watching for partnership or capital-raise activity.
What to watch
- Monthly VAHAN EV two-wheeler registration trends
- Quarterly earnings: margin trajectory vs revenue growth
- EV subsidy/FAME-III or state policy shifts
- Analyst rating/target revisions post-results
- Insider/promoter or anchor-investor lock-in expiry selling
- Watch for FY27 volume guidance and monthly registration data (VAHAN) as near-term proof points
- Track gross margin and path-to-profitability commentary in upcoming quarterly results
- Monitor competitive pricing moves from Ola Electric, TVS iQube, Bajaj Chetak
- Assess capacity/capex plans supporting the 700+ Experience Centre expansion