Ather narrows Q1 loss as retail registrations double and dealer inventory drops to three days

Ather Energy’s June-quarter loss narrowed sharply as sales and retail registrations surged. Brokerages retained positive ratings, citing unmet demand, rising electric two-wheeler penetration, EL platform cost efficiencies and planned capacity expansion.

Newer report , , The Hindu BusinessLine : Ather Energy’s shares rise nearly 130% in 2026 as EV market-share outlook improves

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Reported figures

From the report. Source details below

Shares rose 17.81% to a record Rs 1,500
Q1 consolidated net loss narrowed to Rs 51 crore from Rs 178 crore year-on-year
Total sales rose 87.2% year-on-year to Rs 1,260 crore
Unrealised retail demand estimated at 13,000-15,000 units monthly
E2W penetration reached 11%; electric scooter penetration exceeded 25%
Ather retail registrations rose 102% year-on-year and E2W market share reached 16.8%
Consensus target price is Rs 1,506.60; Nomura target is Rs 1,714

Also in the report

  • Stock gained 328% from its Rs 349.90 52-week low
  • Non-vehicle revenue reached 14% of revenue from operations versus 13% a year earlier
  • Dealer inventory fell to 3 days from 14 days in Q4

The source

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