• The document is an investor presentation covering the company's performance for the quarter ended June 30, 2026 (Q1 FY27), filed pursuant to Regulation 30 of SEBI LODR Regulations, 2015.
  • The presentation includes forward-looking statements regarding strategy, growth, product development, market position, expenditures, and financial results with appropriate disclaimers about their inherent uncertainties.
  • Key financial highlights show vehicles sold increased to 83,000 units in Q1 FY27 from 46,000 units in Q1 FY26, representing 81% growth.
  • Revenue from operations reached ₹1,216.92 Cr, showing 89% YoY growth from ₹644.58 Cr in Q1 FY26.
  • Adjusted Gross Margin stood at 22% compared to 23% in the same quarter last year.
  • EBITDA showed significant improvement to ₹9.45 Cr (1% margin) from a loss of ₹105.97 Cr (-16% margin) in Q1 FY26.
  • Net loss reduced to ₹51.09 Cr (-4% margin) from ₹178.23 Cr (-26% margin) in the same quarter previous year.
  • Revenue mix remained consistent with 86% from vehicle sales and 14% from non-vehicle sales.
  • Revenue per unit of 2W vehicle sold increased to ₹1,25,891 from ₹1,21,751 YoY.
  • Working capital days improved to -45 days from -54 days.
  • Market share in the E2W segment increased to 16.8% from 14.2% YoY.

Product and Capacity Updates

  • The company announced its new EL Scooter platform with homologation completed in Q1 FY27.
  • High volume production trials are underway with start of production scheduled for Q2 FY27 at Hosur facility.
  • Manufacturing capacity is ramping up to 60,000 vehicles per month.
  • Official launch is scheduled for August 2026 at Ather Community Day in Bengaluru.
  • Factory 3.0 in Chhatrapati Sambhaji Nagar is on track for Q3 FY27.
  • AURIC Phase 1 capacity is operational and Phase 2 is planned for future scalability.

Operational Highlights

  • The company reported 102% YoY growth in registrations with strong performance across regions.
  • Attach rate for AtherStack Pro remained consistent at 94% despite 5x volume surge.
  • Average selling price (ex-showroom, net of subsidy) increased from Q4 FY26 to June 2026.
  • The presentation notes near-term headwinds in commodities affecting cost structures.

Additional Notes Section

  • The document represents an investor presentation filed with the exchanges, containing both financial results and strategic business updates.
  • Financial data for Q1 FY27 is comprehensively disclosed with comparative figures for Q1 FY26.
  • The presentation includes detailed operational metrics, market share data, and forward-looking product development plans.