Detailed Summary

Key Quantitative Figures (Consolidated for Q1 FY27)

  • Revenue from Operations: ₹1,216.92 crore
  • Other Income: ₹42.73 crore
  • Total Income: ₹1,259.65 crore
  • Total Expenses: ₹1,310.74 crore
  • Cost of material consumed: ₹957.32 crore
  • Employee benefits expenses: ₹118.17 crore
  • Finance costs: ₹21.58 crore
  • Depreciation and amortisation: ₹38.96 crore
  • Other expenses: ₹154.60 crore
  • Loss before tax: ₹(51.09) crore
  • Loss for the period: ₹(51.09) crore
  • Total Comprehensive Loss: ₹(51.09) crore
  • Paid-up Equity Share Capital: ₹38.31 crore
  • Loss per equity share (Basic & Diluted): ₹(1.33)

Comparative Financial Performance

Quarter-on-Quarter (QoQ) - Consolidated:

  • Revenue increased from ₹1,174.66 crore (Q4 FY26) to ₹1,216.92 crore (Q1 FY27).
  • Loss narrowed from ₹(100.23) crore (Q4 FY26) to ₹(51.09) crore (Q1 FY27).

Year-on-Year (YoY) - Consolidated:

  • Revenue increased from ₹644.58 crore (Q1 FY26) to ₹1,216.92 crore (Q1 FY27).
  • Loss narrowed from ₹(178.23) crore (Q1 FY26) to ₹(51.09) crore (Q1 FY27).

Corporate Actions Approved

1. Financial Results Approval: The Board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with the Limited Review Report from the statutory auditor, Deloitte Haskins & Sells.

2. ESOP Allotment (Annexure A): Allotment of 3,67,875 equity shares of face value ₹1 each to eligible ESOP holders who exercised their stock options under the Ather Energy ESOP 2025 Plan. These shares will rank pari-passu with existing equity shares.

3. ESOP Grant (Annexure B): Grant of 80,223 Employee Stock Options (ESOPs) under the Ather Energy ESOP 2025 Plan to eligible employees.

  • Exercise Price: ₹1 per ESOP
  • Exercise Period: Five years from the date of vesting.
  • The plan is administered by the Nomination and Remuneration Committee and is in terms of SEBI (SBEB) Regulations, 2021.

Subsequent Events (Post-Q1 FY27)

1. QIP Fundraising: Subsequent to the quarter end, the company allotted 1,08,15,307 Equity Shares via a Qualified Institutions Placement (QIP). The shares, of face value ₹1 each, were issued at a price of ₹1,202 (including a premium of ₹1,201) per share, aggregating to ₹1,300.00 crores.

2. Approval for Further Fundraising: On July 15, 2026, the Board approved a plan to raise up to ₹1,200 crores, subject to shareholder approval, through:

  • Issuance of up to 16,26,016 Equity Shares at ₹1,230 per share (including a premium of ₹1,229), aggregating ₹200.00 crores.
  • Issuance of up to 79,36,507 Convertible Warrants at ₹1,260 per warrant, aggregating ₹1,000.00 crores. Each warrant is convertible into one equity share at a premium of ₹1,259. 25% of the issue price is payable on allotment, with the balance 75% payable upon conversion within 18 months.

Subsidiary Update

  • The company incorporated a wholly-owned subsidiary, Ather Insurance Limited (AIL), on May 27, 2026.
  • AIL will act as a Corporate Agent to offer and facilitate insurance policies. It is in the process of applying to the Insurance Regulatory and Development Authority of India (IRDAI) for the necessary registration.
  • The financial results of AIL have been consolidated from its date of incorporation.

Other Material Disclosures

  • Battery Waste Management Rules, 2022: The company acknowledged significant implications from these MoEFCC rules but is unable to reliably estimate the potential financial impact or obligation as of June 30, 2026, pending further guidance.
  • Hong Kong WOS: The Board had previously approved the incorporation of a Hong Kong-based WOS for procurement functions; the process is ongoing.
  • First-Time Consolidation: This is the first quarter for which consolidated results are presented. Comparative figures for previous periods represent standalone company figures only.
  • Auditor's Review: Deloitte Haskins & Sells issued an unmodified review conclusion on both the standalone and consolidated financial results.