🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Ather overtakes Ola Electric with Rs 899 Cr revenue in Q2 FY26

EntrackrEntrackr · 3m ago
Ather overtakes Ola Electric with Rs 899 Cr revenue in Q2 FY26
Medial

Electric two-wheeler maker Ather Energy has announced its financial results for the second quarter of the ongoing financial year FY26. The company reported a 54% year-on-year jump in its operating revenue compared to Q2 FY25. The Bengaluru-based firm has surpassed its competitor Ola Electric in terms of revenue. Ather’s revenue from operations increased by 54% to Rs 899 crore in Q2 FY26, from Rs 583 crore in Q2 FY25, according to its quarterly report sourced from the National Stock Exchange (NSE). On a half-yearly basis, the company’s revenue increased by 64% to Rs 1,543 crore in H1 FY26 from Rs 944 crore in H1 FY25. Ather’s cost of materials, primarily steered by battery and component procurement, made up the largest share of its expenditure. This cost increased by 50% to Rs 730 crore in Q2 FY26 from Rs 485 crore in the same period last year, accounting for over 67% of the total expenses during the quarter. Employee benefit expenses remained flat at Rs 114 crore in Q2 FY26 compared to Rs 110 crore in Q2 FY25. Depreciation and amortization cost too remained flat at Rs 43 crore in the same period. Overall, Ather’s total expenditure grew 38% to Rs 1,095 crore in Q2 FY26, up from Rs 796 crore in Q2 FY25. As a result, the company’s net losses reduced by 20% to Rs 157 crore in Q2 FY26 from Rs 197 crore in Q2 FY25. In terms of EV sales, Ather Energy retained its third position in October, rebounding from flat growth in September to post a robust 53% increase with 28,061 registrations, capturing a strong 19.53% market share. The company also surpassed Ola Electric in terms of market capitalization. Ather’s competitor Ola Electric’s topline shrank by nearly 46% year-on-year to Rs 660 crore during the second quarter of FY26. The Bengaluru-based firm managed to control its losses by 16% in the same period. At the end of today’s trading session, Ather Energy’s share price was trading at Rs 624 per share. The company’s market capitalization stood at Rs 23,751 crore ($2.5 billion).

Related News

Ather Energy ventures into auto insurance distribution

EntrackrEntrackr · 2m ago
Ather Energy ventures into auto insurance distribution
Medial

Ather Energy ventures into auto insurance distribution Electric two-wheeler maker Ather Energy is entering the auto insurance distribution space by incorporating a wholly owned subsidiary that will operate as a corporate agent, according to a recent filing with the National Stock Exchange (NSE). The subsidiary is yet to be incorporated and is awaiting approvals from the Registrar of Companies (RoC) and the Insurance Regulatory and Development Authority of India (IRDAI), the filing said. Ather will initially invest Rs 8 crore in the subsidiary, with additional investments planned as operations scale up. Through this move, Ather aims to streamline its insurance offerings, enhance customer experience, and diversify revenue streams by building a recurring income stream. By bringing insurance distribution in-house, the company plans to work with multiple partners, simplify renewals, introduce EV-specific insurance products, and improve insurance attach rates over time. According to Vahan data, Ather Energy retained its third position in November but saw a 30% month-on-month decline, with registrations falling to 20,018 units from 28,405 in October. The company holds a 17.43% market share. As of 2:10 PM, Ather’s shares were up over 4% and trading at around Rs 689, with a market capitalization of Rs 26,271 crore ($2.9 billion). For the second quarter, the company overtook its rival Ola Electric and posted a revenue of Rs 899 crore in Q2 FY26, increasing from Rs 583 crore in Q2 FY25. The company’s net losses reduced by 20% to Rs 157 crore in Q2 FY26 from Rs 197 crore in Q2 FY25.

Ather posts Rs 954 Cr revenue in Q3 FY26; cuts losses by 57%

EntrackrEntrackr · 19d ago
Ather posts Rs 954 Cr revenue in Q3 FY26; cuts losses by 57%
Medial

Ather posts Rs 954 Cr revenue in Q3 FY26; cuts losses by 57% Electric two-wheeler maker Ather Energy has announced its financial results for the third quarter of the ongoing financial year FY26. The company reported a 50% year-on-year increase in operating revenue compared to Q3 FY25. At the same time, the Bengaluru-based firm narrowed its losses by 57%. Ather’s revenue from operations rose to Rs 954 crore in Q3 FY26 from Rs 635 crore in Q3 FY25, according to its quarterly report sourced from the National Stock Exchange (NSE). For the nine-month period ended December 2025, the company’s revenue from operations stood at Rs 2,497 crore, compared to Rs 1,579 crore in the corresponding period a year earlier. As per the company, it has sold 1,79,525 vehicles over the nine months. The sale of electric two-wheelers and allied services remains the sole source of revenue for Ather Energy. However, the company has not provided a detailed breakdown of this revenue. Ather’s cost of materials, primarily led by battery and component procurement, accounted for 69% of the overall cost. These costs stood at Rs 744 crore in Q3 FY26. Employee benefit expenses increased 14% year-on-year to Rs 122 crore in Q3 FY26, compared to Q3 FY25. Depreciation and amortisation, along with legal, advertising, and other overhead expenses, pushed the company’s total costs to Rs 1,075 crore in Q3 FY26, up from Rs 848 crore in Q3 FY25. The 50% increase in scale, coupled with tighter cost-control measures, helped Ather reduce its losses by 57% to Rs 85 crore in Q3 FY26, compared to Rs 198 crore in the same quarter last year. Recently, Ather also forayed into the auto insurance business by incorporating a wholly owned subsidiary that will operate as a corporate agent, according to a filing with the National Stock Exchange (NSE). In November, the National Investment and Infrastructure Fund (NIIF) sold 49% of its stake, representing 2.28% of Ather Energy’s total paid-up capital, through open market transactions worth Rs 541 crore. According to Vahan data, Ather Energy retained its third position in December, although registrations declined 20% month-on-month to 16,391 units from 20,488 units in November. The company held a market share of 17.62%. After overtaking Ola Electric in market capitalization, Ather also surpassed it in Q2 FY26 revenue. The Q3 results of Ola Electric have yet to come. The company’s shares were trading at Rs 610 as of 4:55 PM today, with a market capitalisation of Rs 23,292 crore ($2.5 billion).

Ola Electric revenue declines 55% to Rs 470 Cr in Q3 FY26

EntrackrEntrackr · 8d ago
Ola Electric revenue declines 55% to Rs 470 Cr in Q3 FY26
Medial

Ola Electric’s revenue continues its downward spiral with yet another sharp drop in the latest quarter. The EV maker’s revenue shrank by 55% year-on-year during the third quarter of FY26. However, the Bengaluru-based firm managed to cut its losses by 14% in the period. Ola Electric's revenue from operations reduced to 470 crore in Q3 FY26, compared to Rs 1,045 crore in the previous year of the same quarter, its consolidated financial statements sourced from the National Stock Exchange (NSE) show. Electric scooter sales remained the primary revenue driver for Ola Electric in the first quarter of FY26, while battery sales contributed only a marginal portion. Other income related to batteries and automobiles took the company’s total revenue of Rs 504 crore in Q3 FY26, down sharply from Rs 1,172 crore in the same quarter last year. Procurement costs accounted for 31% of Ola Electric’s total expenses in Q3 FY26, standing at Rs 309 crore, according to the company’s disclosure on NSE. Employee benefits decreased by 10% to Rs 92 crore in Q3 FY26. Overall, the company controlled its total expense decreased by 43% to Rs 991 crore in Q3 FY26 from Rs 1,736 in Q3 FY25. Small scale and controlled expenses helped Ola Electric to cut its losses by 14% year-on-year to Rs 487 crore in Q3 FY26, compared to Rs 564 crore in the same quarter last year. On a sequential basis, the company’s losses increased 17% from Rs 418 crore in Q2 FY26. Last month, Ola Electric's Chief Financial Officer, Harish Abichandani, resigned for personal reasons, according to a regulatory filing. Deepak Rastogi has been approved by the board as the new CFO and Key Managerial Personnel. Ola Electric’s electric two-wheeler market share fell from 24.8% in January 2025 to under 6% in January 2026 as registrations declined. In contrast, Ather Energy increased its share during the period, while TVS Motor and Bajaj Auto maintained steady volumes. The shift indicates a redistribution of market share among established and emerging players. Following the release of its quarterly results, Ola Electric was trading at Rs 31 per share at the end of the trading session. The company’s market capitalization stood at Rs 13,638 crore ($1.5 billion).

Tiger Global sells entire Ather Energy stake for Rs 1,204 Cr

EntrackrEntrackr · 3m ago
Tiger Global sells entire Ather Energy stake for Rs 1,204 Cr
Medial

Tiger Global (Internet Fund III Pte Ltd), has sold all of its shares representing 5% of the electric two-wheeler maker Ather Energy’s total paid-up capital through open market transactions on November 6, 2025. The company sold 1 crore shares on NSE at an average price of Rs 623.56 per share and the rest 93 lakh shares on BSE at an average price of 620.45 per share. Both sales aggregate to a total sum of Rs 1,204 crore. As of September 30, Internet Fund owned 1.93 crore shares of Ather Energy, forming a total of 5% of Ather Energy's total captable. The company also witnessed bulk deals from IRAGE BROKING SERVICES LLP, which bought 22 lakh Ather Energy’s shares worth Rs 137 crore at an average price of Rs 622.26 per share while selling 2 lakh shares worth Rs 14.5 crore for price stabilization. In terms of EV sales, Ather Energy retained its third position in October, rebounding from flat growth in September to post a robust 53% increase with 28,061 registrations, capturing a strong 19.53% market share. The company also surpassed its competitor Ola Electric in terms of market capitalization. The exit comes just before the company’s financial results for the second quarter of the ongoing financial year (FY26), which is scheduled for 10th November. For the first quarter, the company’s revenue from operations increased by 79% to Rs 645 crore in Q1 FY26, from Rs 360 crore in Q1 FY25. The company’s net losses reduced by 3% to Rs 178 crore in Q1 FY26 from Rs 183 crore in Q1 FY25. Ather Energy’s stock is currently trading at Rs 634 (as of 10:50 AM), bringing its total market capitalization to Rs 24,168 crore ($2.7 billion). It’s worth noting that Tiger Global also trimmed its stake in Ola Electric, a competitor to Ather Energy, in May this year.

Ola Electric secures Rs 366.78 Cr under govt PLI scheme for FY25

EntrackrEntrackr · 1m ago
Ola Electric secures Rs 366.78 Cr under govt PLI scheme for FY25
Medial

Ola Electric secures Rs 366.78 Cr under govt PLI scheme for FY25 Ola Electric Mobility Limited has received a sanction order for incentives worth Rs 366.78 crore under the government’s Production Linked Incentive (PLI) Scheme for Automobile and Auto Components for FY25. The order was issued in favor of its subsidiary, Ola Electric Technologies Private Limited. The sanctioned amount will be disbursed through IFCI Limited, tied to eligible sales during the year. Ola Electric reported deliveries of 3,59,221 electric two-wheelers in FY25, up from 3,29,549 in the previous fiscal, but it has been losing market share. TVS Motor Company took the top spot in sales in November, with Ola Electric down to fifth. Ola Electric’s revenue declined 46% year-on-year in Q2 FY26, despite narrowed losses through cost controls. The company’s stock hit fresh lows due to weak performance and concerns over promoter Bhavish Aggarwal’s stake sales.

CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr

EntrackrEntrackr · 3m ago
CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr
Medial

CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr Automobile classifieds platform CarTrade announced its financial results for the second quarter of FY26, reporting a 25% year-on-year increase in revenue and a two-fold rise in profit compared to Q2 FY25. CarTrade’s revenue from operations grew 25% to Rs 193.41 crore in Q2 FY26 in contrast to Rs 154.2 crore in Q2 FY25. The company also added another 28.73 crore in other income, taking its total income for Q2 FY26 to Rs 222.14 crore. The Mumbai-based company operates across three segments: Consumer, Remarketing, and Classifieds. Revenue from the Consumer segment accounted for 39.4% of total operating income, rising to Rs 76.24 crore in Q2 FY26 from Rs 55.62 crore in Q2 FY25. The Remarketing and Classifieds segments contributed Rs 62.62 crore and Rs 55.5 crore, respectively. On the expense front, employee benefits accounted for 55% of total spending, increasing 11% to Rs 77.5 crore during the period. CarTrade’s total expenses grew modestly by 5% to Rs 142.2 crore in Q2 FY26. A 25% year-on-year rise in operating revenue, coupled with controlled expenses, helped the firm double its profit to Rs 64 crore in Q2 FY26 from Rs 30.7 crore in Q2 FY25. On a half-yearly basis, the company’s revenue rose 24% year-on-year to Rs 366.45 crore, while its profit more than doubled to Rs 111.13 crore. The firm has also appointed Varun Sanghi as its Chief Strategy Officer (CSO) and senior management personnel.

Ola Electric’s revenue declines 26% Q-o-Q to Rs 1,214 Cr, losses up 43%

EntrackrEntrackr · 1y ago
Ola Electric’s revenue declines 26% Q-o-Q to Rs 1,214 Cr, losses up 43%
Medial

Electric two-wheeler manufacturer Ola Electric recorded a 26% decline in its operating revenue to Rs 1, 214 crore in Q2 FY25 when compared to Rs 1,644 crore in Q1 FY25. However, the firm registered 39% year-on-year increase in revenue from Rs 873 crore in Q2 FY24. In a shareholders letter, the company attributed the year-on-year growth to a 73.6% rise in deliveries, which reached 98,619 units during Q2 FY25. Revenue from its automotive segment stood at Rs 1,215 crore, while the cell segment contributed Rs 1 crore. The firm also registered Rs 100 crore from other income which brought its total income to Rs 1,314 crore in Q2 FY25. Cost of materials was the largest burn for the Bhavish Aggarwal-led firm which jumped 46.6% to Rs 1,072 crore from Rs 731 crore in Q2 FY24. On a quarterly basis, the cost declined by 18% from Rs 1,311 crore in Q1 FY25. During Q2 FY25, employee benefits expenses stood at Rs 139 crore while other expenses, including operational and administrative costs, contributed Rs 465 crore. The firm’s total expenses for Q2 FY25 stood at Rs 1,593 crore, a 21.8% surge from Rs 1,308 crore in Q2 FY24. When compared on a sequential basis, the total expenses decreased by 13.8% from Rs 1,849 crore in Q1 FY25. Overall, the company posted a net loss of Rs 495 crore, a 42.65% increase from Rs 347 crore in the previous quarter (Q1 FY25). The losses were down by 5.5% year-on-year from Rs 524 crore in Q2 FY24. Among the venture funded companies, Ola Electric’s closest competitor Ather posted Rs 339 crore of revenue with a net loss of Rs 183 crore in Q1 FY25. Its Q2 results are yet to be announced. The Tarun Mehta-led firm also filed its draft IPO papers in September. After consecutive declines in market share, Ola Electric regained traction in October, with sales increasing during the festive period. The company sold 41,605 units in October, which helped its market share climb to 30% in the last month from 27% in September. However, this figure remains lower than its earlier market shares, which were 32% in August, 39% in July, and 49% in June. At the closure of stock exchange on November 8, Ola Electric’s shares were trading at Rs 72.72, nearly 54% below its peak of Rs 157.53 in mid-August.

Blackbuck records Rs 29 Cr profit on Rs 151 Cr revenue in Q2 FY26

EntrackrEntrackr · 3m ago
Blackbuck records Rs 29 Cr profit on Rs 151 Cr revenue in Q2 FY26
Medial

Blackbuck records Rs 29 Cr profit on Rs 151 Cr revenue in Q2 FY26 Blackbuck has released its financial report for the second quarter of the ongoing financial year ending September 2025. The Bengaluru-based company reported a 52.5% year-on-year growth in scale in Q2 FY26 and posted a profit of Rs 29 crore in the quarter. Blackbuck's revenue from operations grew to Rs 151 crore in Q2 FY26 from Rs 99 crore in Q2 FY25, its financial statements sourced from the National Stock Exchange (NSE) show. On a quarter-on-quarter basis, Blackbuck’s operating revenue increased 5.6% from Rs 143 crore in Q1 FY26. The company’s gross transaction value (GTV) stood at Rs 6778.3 crore in the same quarter. On a half-yearly basis, the company’s revenue increased by 54.5% to Rs 295 crore in H1 FY26 as compared to Rs 191 crore in H1 FY25. Revenue from its truck operator services was the primary source of revenue, accounting for 98% of total operating revenue. The company also made Rs 17 crore from interest income which took its overall revenue to Rs 168 crore in Q2 FY26, compared to Rs 104 crore in Q2 FY25. Looking at the expenses, the employee benefit cost accounted for 33% of the overall expenditure which increased by 6% year-on-year to Rs 42 crore in Q2 FY26 from Rs 39.5 crore in Q2 FY25. Deprecation and other operating expenses were key overheads that drove total expenditure to Rs 128 crore in Q2 FY26, compared to Rs 92 crore in the same quarter last year. Blackbuck registered a profit of Rs 29 crore in Q2 FY26, as compared to a loss of Rs 269 crore in Q2 FY25. On a quarterly basis, the company’s profit fell 54% from Rs 63 crore in Q1 FY26. For the six months ending September 2025, the company posted a profit of Rs 63 crore. At the end of the last trading session, Blackbuck’s share price stood at Rs 666.5, giving the company a market capitalization of Rs 12,045 crore ($1.3 billion).

Nykaa posts Rs 33 Cr profit on Rs 2,346 Cr revenue in Q2 FY26

EntrackrEntrackr · 3m ago
Nykaa posts Rs 33 Cr profit on Rs 2,346 Cr revenue in Q2 FY26
Medial

Nykaa posts Rs 33 Cr profit on Rs 2,346 Cr revenue in Q2 FY26 Online beauty and fashion platform Nykaa has continued its strong growth in Q2 FY26, with its revenue from operations rising 25% year-on-year and profits surging 2.5X during the quarter ending September 2025. According to its financial statements sourced from the National Stock Exchange (NSE), Nykaa's revenue from operations grew to Rs 2,346 crore in Q2 FY26, compared to Rs 1,875 crore in Q2 FY25. On a half yearly basis, Nykaa’s operating revenue increased 24% to Rs 4,501 crore in H1 FY26 from Rs 3,621 crore in H1 FY25. The beauty segment accounted for 91% of the total revenue at Rs 2,132 crore, while the fashion segment contributed 8.7% of the operating income in the Q2 FY25. For Nykaa, the cost of materials constituted 56% of its total expenditure, rising to Rs 1,292 crore in Q2 FY26. Additional spending on employee benefits, finance, marketing, technology, and other overheads brought the company’s total costs to Rs 2,297 crore during the quarter. Steady growth in its scale helped Nykaa achieve 2.5X increase in profit to Rs 33 crore in Q2 FY26, compared to Rs 13 crore in Q2 FY25. For the six months ended September 2025, the company’s profit doubled to Rs 57 crore in H1 FY26 from Rs 27 crore in H1 FY25. At the close of today's trading session, Nykaa's stock was priced at Rs 246, giving the company a market capitalization of Rs 70,375 crore ($8 billion).

Download the medial app to read full posts, comements and news.