Ather Energy stock up ~200% in a year as FY26 volumes jump 69% to 2.63 lakh units
Ather posted record FY26 total income of Rs 3,823 crore (up 66%) with 69% volume growth to 2,62,942 units and a widened retail footprint of 700 Experience Centres and 548 service centres. Analysts stay positive — Emkay targets Rs 1,150 — but flag margin pressure after the FAME subsidy lapsed, with a Q4 EBITDA loss of Rs 30 crore.
Ather Energy's stock surged ~200% in a year alongside strong FY26 results — 69% volume growth, record Rs 3,823 crore income, expanded retail network to 700 Experience Centres. Analysts remain positive but flag margin pressure from expired FAME subsidy.