Ather Energy stock up ~200% in a year as FY26 sales jump 69% to 2.63 lakh units
Ather Energy hit a 52-week high of Rs 1,069 on strong FY26 results: income up 66% to Rs 3,823 crore, sales up 69% to 2,62,942 units, and Q4 revenue of Rs 1,214 crore. Retail network expanded to 700 Experience Centres, 548 service centres and 6,000+ charging points. Analysts stay bullish (target Rs 1,150) despite FAME subsidy expiry pressuring margins.
What happened
Ather Energy shares surged ~200% in a year on strong FY26 results: sales up 69% to 2.63 lakh units, income Rs 3,823 crore, retail network expanded to 700
Key facts
- stock up ~200% in 1 year
- 52-week high Rs 1,069
- Q4FY26 sales 83,418 units (+76% YoY)
- Q4 revenue Rs 1,214 crore
- adjusted gross margin 25%
- FY26 sales 2,62,942 units (+69%)
- FY26 income Rs 3,823 crore (+66%)
- 700 Experience Centres
- 548 service centres
- 6,000+ charging points
- target price Rs 1,150
Why this matters
Ather's expanding EV distribution network and 69% sales momentum make it a strong platform for partnership or consolidation plays in the two-wheeler electrification space.
What to watch
- Monthly EV 2W registration numbers (Ather share vs Ola/TVS/Bajaj)
- Q1 FY27 gross margin trajectory after subsidy withdrawal
- New model launches or price cuts by competitors
- State-level EV incentive policy changes
- Lock-in expiry or promoter/institutional selling flows
- Watch for analyst target revisions and broker coverage initiations post-52-week high
- Monitor monthly VAHAN registration data for EV two-wheeler volume trends
- Track management commentary on margin defense post-FAME and pricing strategy
- Assess capex and store-expansion pace vs cash burn in upcoming quarters