Ather Energy stock up ~200% in a year on record FY26 sales, doubled retail network
Ather Energy delivered 262,942 EV two-wheelers in FY26 (up 69%) with income of Rs 3,823 crore (up 66%). Q4FY26 sales rose 76% to 83,418 units and revenue hit Rs 1,214 crore at 25% adjusted gross margin, though EBITDA loss stood at Rs 30 crore. Retail network doubled to 700 Experience Centres with 548 service centres and a Maharashtra plant planned.
Ather Energy's stock surged nearly 200% in a year as FY26 delivered record sales of 262,942 EV two-wheelers, Rs 3,823 crore income, doubled retail network to 700 Experience Centres, and a planned Maharashtra manufacturing facility.
Why this matters
The rally follows Ather Energy's IPO, whose retail portion was 63% subscribed on day one. Record FY26 volumes and a doubled retail footprint signal expanding scale after listing.
Retail-company signals are accelerating, up 716,200% QoQ.