Two-wheeler EV major Ather Energy narrowed its loss for Q3 FY26 by 57% to INR 84.6 Cr from INR 197.5 Cr in the year-ago quarter. Sequentially, loss declined 45% from INR 154.1 Cr. Operating revenue zoomed 50% YoY and 6% QoQ to INR 953.6 Cr. Including other income of INR 42.1 Cr, total income for the period under review stood at INR 995.7 Cr. Meanwhile, total expenses rose 27% YoY to INR 1,075.3 Cr. Adjusted gross margin expanded 700 basis points YoY to 25%, while adjusted gross margin, excluding government incentives, stood at 23%, reflecting sustained reduction in cost of goods sold (COGS) per vehicle. The company attributed this to supply-chain optimisation, scale benefits and manufacturing efficiencies. As a result, EBITDA margin improved 1,600 bps YoY to (-3%) in Q3 FY26, signalling progress toward breakeven. It sold 68,000 units during the quarter under review, marking a 50% YoY increase and 3% sequential growth. With the addition of 76 new centres, Ather’s experience centre count at the end of December 2025 stood at 600 experience centres. It plans to scale this number to 700 by the end of FY26. On the product and technology front, Ather rolled out multiple OTA-enabled features… Read MoreInc42 Media
