Ather Energy stock doubles as FY26 sales hit 262,942 EVs; analysts stay bullish on rally
Ather Energy posted record FY26 sales of 262,942 electric two-wheelers and Rs 3,823 crore total income, nearly doubling its Experience Centres to 700. Q4FY26 saw 83,418 vehicles sold, Rs 1,214 crore revenue and 25% adjusted gross margin against a slim Rs 30 crore EBITDA loss. Shares surged ~200% in a year to a 52-week high of Rs 1,069 as SBI Securities and Emkay Global cite market-share gains and Maharashtra capacity expansion.
Ather Energy posted record FY26 sales of 262,942 EV two-wheelers and Rs 3,823 crore income, nearly doubling Experience Centres to 700. Stock surged ~200% in a year; analysts stay constructive citing market share gains and Maharashtra capacity expansion.