Ather Energy Limited AGM summary

AGM of 17 Sep 2025, summarised by AI from the filing.

Ather Energy reports FY25 adjusted gross margin more than doubled to 19% and expects gross margins to trend up in coming years.

Key takeaways

1. Change Q1 FY26 gross margins up almost 400 bps and EBITDA improved by higher quantum.
2. Driver Rizta launched end of Q1 FY25 almost immediately doubled volumes and market share.
3. Risk GST reduction makes ICE vehicles more competitive, requiring near-term tactical response.

Original filing on BSE

Ather Energy Limited Q1 FY27 results

As filed: Revenue ₹1,217 cr (+89% year on year), EBITDA −₹33.1 cr, PAT −₹50.9 cr, EBITDA margin -2.7% (+1,000 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

• Q4 FY26: Revenue ₹1,175 cr (+74% year on year), EBITDA −₹69.6 cr, PAT −₹100 cr, EBITDA margin -5.9% (+1,000 bps). Score 45 of 100, In line with trend. EBITDA margin rose 1000 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: +9.3% in 30 days (Nifty 500: −1.0%).
• Q3 FY26: Revenue ₹954 cr, EBITDA −₹72.0 cr, PAT −₹84.6 cr, EBITDA margin -7.6%. Not scored. No result for the same quarter last year. Share price after the results: +15.6% in 30 days (Nifty 500: −1.9%).
• Q2 FY26: Revenue ₹899 cr, EBITDA −₹132 cr, PAT −₹154 cr, EBITDA margin -14.7%. Not scored. No result for the same quarter last year. Share price after the results: +3.0% in 30 days (Nifty 500: −0.8%).
• Q1 FY26: Revenue ₹645 cr, EBITDA −₹134 cr, PAT −₹178 cr, EBITDA margin -20.8%. Not scored. No result for the same quarter last year. Share price after the results: +44.1% in 30 days (Nifty 500: +0.8%).
• Q4 FY25: Revenue ₹676 cr, EBITDA −₹172 cr, PAT −₹234 cr, EBITDA margin -25.4%. Not scored. No result for the same quarter last year. Share price after the results: +3.9% in 30 days (Nifty 500: +7.7%).

Past price moves after results do not indicate future moves. Not a recommendation.

Ather Energy Limited earnings call, investor presentation and press release summaries

• Q1 FY27: Earnings call (3 Aug 2026), Results deck (3 Aug 2026), Results press release (3 Aug 2026)
• Q4 FY26: Earnings call (4 May 2026), Results deck (4 May 2026), Results press release (4 May 2026)
• Q3 FY26: Earnings call (2 Feb 2026), Results deck (2 Feb 2026)
• Q2 FY26: Earnings call (11 Nov 2025), Results deck (10 Nov 2025), Results press release (10 Nov 2025)
• Q1 FY26: Earnings call (4 Aug 2025), Results deck (4 Aug 2025), Results press release (4 Aug 2025)
• Q4 FY25: Earnings call (12 May 2025), Results deck (12 May 2025), Results press release (12 May 2025)
• Other events: AGM (17 Sep 2025)