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

EntrackrEntrackr · 22d 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 · 11d 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).

After 4X growth in FY23, Ather Energy’s revenue declines in FY24

EntrackrEntrackr · 1y ago
After 4X growth in FY23, Ather Energy’s revenue declines in FY24
Medial

Following over four-fold growth during the financial year ending March 2023, electric scooter manufacturer Ather Energy saw a modest 1.5% decline in scale during the previous fiscal year (FY24). Ather’s revenue from operations decreased to Rs 1,754 crore in FY24 from Rs 1,781 crore in FY23, as per disclosure made by its associate company Hero Moto Corp in NSE filings. The sale of scooters was the primary source of revenue for Ather while after-sale and subscription services were other income channels. The company has not revealed its cost breakup and losses for the fiscal year ending March 2024. The Tarun Mehta-led firm’s revenue jumped by 4.36X while its losses grew 2.5X to Rs 864.5 crore in FY23. Hero Moto Corp is an associate company of Ather and now controls nearly 42% stake with its recent investment of Rs 124 crore ($15 million) which materialized early this week. Ather has raised over $550 million to date and was valued at $750 million during its Series E round. As per Vahan data, Ather was the fourth largest two wheeler EV manufacturer which controlled 9.45% market share in May. Ola Electric maintained the top position followed by TVS and Bajaj. Ather sold 6,024 units in the last month, up from 4,000 units in April. In March, its total sales stood at 17,000 units. Besides selling electric scooters, Ather is also expanding its rapid charging network across the country. As of December last year, it had 1,600 charging stations with a plan to increase it to 2,500 by March 2024.

Delhivery reports Rs 2,805 Cr revenue in Q3 FY26, profit jumps 59%

EntrackrEntrackr · 24d ago
Delhivery reports Rs 2,805 Cr revenue in Q3 FY26, profit jumps 59%
Medial

Delhivery reports Rs 2,805 Cr revenue in Q3 FY26, profit jumps 59% Logistics company Delhivery announced its Q3 FY26 results on Saturday and reported an 18% year-on-year increase in revenue. At the same time, the company’s profit rose 59% to Rs 40 crore. Delhivery’s revenue from operations grew 18% to Rs 2,805 crore in Q3 FY26 from Rs 2,378 crore in Q3 FY25, according to its financial statements filed with the National Stock Exchange (NSE). Delhivery’s primary revenue came from its logistics services, including warehousing, last-mile delivery, and the design and deployment of logistics management systems. The company also earned Rs 77 crore from non-operating activities, bringing its total revenue to Rs 2,882 crore in Q3 FY26. Freight handling and servicing costs accounted for 70% of total expenditure and rose 7.4% to Rs 1,980 crore in Q3 FY26. Employee benefit expenses declined marginally by 4% to Rs 410 crore, while depreciation and amortization costs stood at Rs 187 crore. Legal, finance, and other overheads added another Rs 243 crore, a 4% year-on-year increase. An 18% rise in operating revenue and controlled expenditure helped the firm increase its profit by 59% to Rs 40 crore in Q3 FY26, compared with Rs 25 crore in Q3 FY25. The company had reported a loss of Rs 50 crore in the previous quarter. For the first nine months of the fiscal year ending March 2026, revenue from operations rose over 13% year-on-year to Rs 7,658 crore, while profit stood at Rs 88 crore. In a separate exchange filing, Delhivery granted 70,900 employee stock options worth Rs 3 crore, based on the company’s current share price. At the end of the last trading session, Delhivery’s share price stood at Rs 426.35, giving the company a market capitalization of Rs 31,903 crore (approximately $3.54 billion).

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