India · Delayed Price · Currency is INR Ather Energy Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY 2026 delivered 50% year-on-year unit growth, 53% revenue growth, and a 700 bps gross margin increase, with EBITDA margin improving to -3%. Market share reached 18.8% pan-India, non-vehicle revenue hit 14%, and new product launches and store expansion are set to drive future growth.
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Q2 FY26 delivered record sales and revenue, with market share gains across all regions and significant margin improvements. Distribution expansion, new product launches, and strong software attachment rates drove growth, while cost reductions and supply chain resilience supported profitability.
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Q1FY26 delivered robust growth with unit sales and revenue nearly doubling year-over-year, gross margins at a record 23%, and EBITDA losses narrowing significantly. Network expansion, non-vehicle revenue growth, and new product launches position the company for continued momentum.
Fiscal Year 2025
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FY 2025 saw 42% volume growth and a 29% revenue increase, driven by new product launches and rapid distribution expansion. Gross margin and EBITDA improved significantly, with strong software adoption and market share gains, especially outside the South.