Question 1

What are the key takeaways from Ather Energy Limited?

Accepted Answer

Ather Energy FY2026: Revenue ₹3,671.76 Cr (vs ₹2,255.01 Cr YoY), Loss ₹(517.17) Cr (vs ₹(812.28) Cr YoY) Ather Energy reported FY2026 revenue of ₹3,671.76 Cr, up from ₹2,255.01 Cr in FY2025 while the company remained loss-making with a FY2026 loss of ₹(517.17) Cr versus ₹(812.28) Cr a year ago. Total expenses were ₹4,335.21 Cr in FY2026, partly offset by other income of ₹151.32 Cr leading to a narrower loss; cash and cash equivalents stood at ₹111.94 Cr. The company raised equity via its IPO an…

Question 2

What were Ather Energy Limited's key financial metrics?

Accepted Answer

Revenue (FY2026): ₹3,671.76 Cr (vs ₹2,255.01 Cr in FY2025); Total income (FY2026): ₹3,823.08 Cr (vs ₹2,305.22 Cr in FY2025); Total expenses (FY2026): ₹4,335.21 Cr (vs ₹3,117.50 Cr in FY2025); Loss for the year (FY2026): ₹(517.17) Cr (vs ₹(812.28) Cr in FY2025)

Question 3

What were the highlights of Ather Energy Limited?

Accepted Answer

Revenue expanded to ₹3,671.76 Cr in FY2026 from ₹2,255.01 Cr in FY2025, driven by higher sales of finished products and services. Loss narrowed to ₹(517.17) Cr in FY2026 from ₹(812.28) Cr in FY2025, reflecting higher other income and operating leverage despite rising expenses. The company recorded total expenses of ₹4,335.21 Cr in FY2026, up from ₹3,117.50 Cr in FY2025, with notable increases across cost of material and other operating spends. Ather parked IPO proceeds and term funds: bank bala…

Question 4

What is the outlook or guidance for Ather Energy Limited?

Accepted Answer

Management has allocated capital expenditure for establishment of an E2W factory in Maharashtra, signalling sustained manufacturing expansion plans. A significant portion of IPO proceeds remains unutilised and temporarily invested: ₹1,615.00 Cr is temporarily in fixed deposits as at Mar 31, 2026, available for planned capex and initiatives. Fresh equity raised via IPO added ₹2,617.82 Cr to securities premium during FY2026, strengthening equity and reducing leverage risk going forward.

Question 5

What are the key risks or concerns for Ather Energy Limited?

Accepted Answer

A large GST dispute remains: ₹76.33 Cr relates to IGST FY2022-23 (₹70.34 Cr unpaid), posing contingent liability and potential cash outflow risk. The company has unrecognised deferred tax assets of ₹1,276.88 Cr (mainly carry‑forward losses and unabsorbed depreciation), indicating uncertainty over future taxable profits to realise these assets. Cash losses persist: auditors flagged cash loss of ₹318.74 Cr during the audited year, and prior year cash loss of ₹578.63 Cr, underscoring ongoing cash‑…

Ather Energy Limited

Quarterly Results 7

Annual Reports 2

Concalls 5

Ather Energy Limited

Quarterly Results 7

Annual Reports 2

Concalls 5