Ather Energy stock doubles in a year as FY26 revenue hits Rs 3,823 crore
Ather Energy delivered 2,62,942 units in FY26 (+69%), with revenue up 66% to Rs 3,823 crore and adjusted gross margin at 25%. Retail footprint nearly doubled to 700 Experience Centres plus 548 service centres and 6,000+ charging points, as analysts at SBI Securities and Emkay weigh further upside on the 200% stock rally.
Ather Energy's stock surged nearly 200% in a year as FY26 revenue hit Rs 3,823 crore on 69% volume growth. Its retail network nearly doubled to 700 Experience Centres; analysts weigh further upside amid accelerating EV adoption.
Why this matters
Builds on Ather's ~200% one-year rally and post-IPO momentum, extending the CLSA 'Outperform' thesis as record FY26 EV sales and retail expansion now show up in revenue and margins.
Retail-company signals are accelerating at +428200% QoQ.