Ather Energy Stock Price Jumps Over 4% as Market Share Price Rises to 17.4% in Q2 FY26; Revenue Hits Record ₹940.7 Crore

Bengaluru, November 11, 2025 – Shares of Ather Energy Limited (NSE: ATHERENERG, BSE: 544397) gained 4.52% on Tuesday after the company reported strong Q2 FY26 results. The result highlights a record quarterly revenue, improved margins, and a notable rise in market share to 17.4%. Amidst this financial improvement on November 11, 2025, the share of the company opened at ₹640 and closed at ₹654, witnessing investor attraction in the entire session.

Q2 FY26 Financial Highlights

Ather recorded its highest revenue of ₹940.7 crore in Q2 FY26, a 57 per cent increase over the previous year, due to vehicle volume growth of 67 per cent and ecosystem revenue growth. EBITDA and net losses declined by a considerable margin, and over 1,100 bps indicated better margins compared to the year before. The non-vehicle income has accounted for 12 per cent of the overall revenue, which represents effective diversification.

Investor Sentiment Is Fuelled By Market Share Gains

Ather shares are on the upward trend because the company has been expanding its market with a 17.4 per cent market share in Q2 26, which is an improvement over its 12.1 per cent a year back. The company retained the leadership in South India with 25% and experienced the rapid gains of the Middle and the Rest of India regions. Ather sold 65595 units, which is 67 per cent higher than the previous year, demonstrating the growing strength of the nationwide presence and brand preference of Ather.

Strategic Growth And Value Addition

Ather also increased its retail store to 524 Experience Centres (ECs) by adding 78 new ECs in the quarter to reach Tier-2 and Tier-3 cities. The Ather Grid rapid charging system also increased to 4,322 charging stations in India, Nepal, and Sri Lanka. Also, the company released AtherStack 7.0, which has enhanced software features. The uptake of AtherStack Pro was also strong, as 89% of the clientele registered for the high-end software package.

Management Commentary

According to Tarun Mehta, Executive Director and CEO, Q2 has been excellent, and the company is on its way to becoming profitable and a pan-India market leader. He added:

“Q2 has been a strong quarter, with steady growth in market share and continued progress on our path to profitability. We saw continued improvement in EBITDA margin with improving operating leverage. Our strategic focus on Middle India has delivered results, with several states scaling up rapidly. The response to Rizta and our ongoing retail expansion pan-India have been key contributors to this momentum.“

Ather is an electric vehicle company, founded in 2013 in Bangalore. The company has gained a prominent position in the southern states with its range of products, including the Ather 450X, Ather 450S, and Ather Rizta. The company is expanding in the central parts of the country and expects to turn profitable soon. The company also operates Ather Grid, a countrywide fast-charging network for electric vehicles.

REF: https://nsearchives.nseindia.com/corporate/ATHERENERGY_10112025185215_Pressreleasetofilesigned.pdf

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