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What is the story about?
National Investment and Infrastructure Fund II (NIIF II) is likely to sell up to 2.34% of its existing total equity stake in Ather Energy Ltd through a block deal. The offer size is valued at up to ₹551.1 crore. The floor price for the block deal has been set at ₹620 per equity share.
Yesterday, Ather Energy reported a net loss of ₹154 crore in Q2FY26, compared to ₹197 crore a year ago. Revenue rose 54% year-on-year (YoY) to ₹899 crore from ₹584 crore. The company's EBITDA loss stood at ₹132 crore as against ₹138 crore in the same period last year, while total expenses rose 38% to ₹1,095 crore.
Other income jumped sharply to ₹42 crore from ₹15 crore last year, helping offset part of the operational losses. EBITDA loss on total income narrowed to ₹90 crore from ₹123 crore a year earlier.
Also Read: Ather Energy shares tank 11% after shareholder lock-in ends, ₹856 crore block deal
Volumes grew 67% YoY and 42% quarter-on-quarter (QoQ), while adjusted gross margin stood at 22%, up 300 basis points YoY and down 100 bps sequentially. Ather's market share increased 530 bps YoY, aided by continued store expansion.
The company now operates 524 experience centres compared to 446 in the previous quarter and aims to increase its store count to 700 by the end of FY26. Regionally, Ather maintained its leadership position in South India, with market share rising to 25% from 19.1% last year.
Shares of Ather Energy Ltd ended at ₹629.05, down by ₹30.90, or 4.68%, on the BSE.
Also Read: Ather Energy working on electric motorbike, new scalable scooter platform: COO Sanjeev Kumar Singh
Yesterday, Ather Energy reported a net loss of ₹154 crore in Q2FY26, compared to ₹197 crore a year ago. Revenue rose 54% year-on-year (YoY) to ₹899 crore from ₹584 crore. The company's EBITDA loss stood at ₹132 crore as against ₹138 crore in the same period last year, while total expenses rose 38% to ₹1,095 crore.
Other income jumped sharply to ₹42 crore from ₹15 crore last year, helping offset part of the operational losses. EBITDA loss on total income narrowed to ₹90 crore from ₹123 crore a year earlier.
Also Read: Ather Energy shares tank 11% after shareholder lock-in ends, ₹856 crore block deal
Volumes grew 67% YoY and 42% quarter-on-quarter (QoQ), while adjusted gross margin stood at 22%, up 300 basis points YoY and down 100 bps sequentially. Ather's market share increased 530 bps YoY, aided by continued store expansion.
The company now operates 524 experience centres compared to 446 in the previous quarter and aims to increase its store count to 700 by the end of FY26. Regionally, Ather maintained its leadership position in South India, with market share rising to 25% from 19.1% last year.
Shares of Ather Energy Ltd ended at ₹629.05, down by ₹30.90, or 4.68%, on the BSE.
Also Read: Ather Energy working on electric motorbike, new scalable scooter platform: COO Sanjeev Kumar Singh
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