Ather Energy Limited — PPTs, 04-08-2025: Investor Presentation

Here is the summary of the attached file:

**Financial Highlights:**

Ather Energy reported Q1 FY26 total income of ₹672.9 Cr, an 83% year-over-year (YoY) increase, with 46k units sold, up 97% YoY. Adjusted Gross Margin reached ₹154.8 Cr, with the margin improving to 23%. EBITDA Margin showed a significant 1,700 basis points YoY improvement, reaching (16%). The company reported a loss of ₹178.2 Cr for the quarter, while notably reducing Cost of Goods Sold per unit.

**Strategic Initiatives & Growth Drivers:**

The company invested ₹89 Cr in R&D in the quarter, with 45% of its workforce dedicated to R&D, expanding its patent portfolio to 417. Distribution expanded to 446 stores across India, with 95 new additions in the quarter. Future initiatives include the EL Platform, Factory 3.0, AtherStack 7.0, and LFP Battery ramp-up.

**Business Developments:**

Non-vehicle revenue, driven by accessories and services, contributed 12% of total revenue. The company operates India’s largest E2W fast-charging network with 4,032 points, and 89% of customers opt for AtherStack Pro. Brand strengthening is underway through targeted campaigns emphasizing ‘Ather Advantage’.

**Market Position & Competitive Advantage:**

Pan-India market share grew to 14.3%, nearly doubling YoY. Ather is the market leader in South India (22.8% share) and saw significant market share gains in Middle India (2.6x YoY) and Rest of India (1.9x YoY). The brand maintained its premium positioning and was the most searched EV brand in May.

**Investor Implications:**

Robust YoY growth in sales and revenue, coupled with improving margins and reduced costs, signals strong operational momentum. Continued investment in R&D and expansion into new markets underscore the significant growth potential and strengthening competitive position in the electric two-wheeler segment.