Q3 2026 Ather Energy Ltd Earnings Call Transcript
Key Points
- Ather Energy Ltd (NSE:ATHERENERG) reported a 50% year-on-year increase in units sold, reaching 68,000 units in Q3.
- Total income for the quarter was nearly INR1,000 crore, marking a 53% year-on-year growth.
- The company achieved a significant improvement in EBITDA, which increased by 1,600 basis points year-on-year.
- Ather Energy Ltd expanded its market share to 18.8% in Q3, with strong performances in regions like Maharashtra and Odisha.
- Non-vehicle revenue, including software sales, contributed 14% to the company's revenue, indicating a diversified income stream.
- The company anticipates potential headwinds in the industry, including commodity price fluctuations and risks to subsidies.
- Despite improvements, the EBITDA margin remains slightly negative at just under 3%.
- There is concern over the impact of commodity inflation, particularly in aluminum and copper, on future costs.
- The company does not benefit from the Production Linked Incentive (PLI) scheme, which could affect pricing strategies compared to competitors.
- Ather Energy Ltd faces challenges in expanding its distribution network, which is crucial for future market penetration.
Ladies and gentlemen, good day and welcome to Ather Energy Limited Q3 NFI 26 Brazil conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Mundi Saidharan, Head of Public and Government Relations at Ather Energy.
Thank you and over to you, sir.
Thank you. Good evening, everyone, and welcome to Acer Energy Limited's Q3 FY26 earnings conference call. From the management team, we have with us today, Mr. Tarun Mehta, Executive Director and Chief Executive Officer, and Mr. Sohil Parik, Chief Financial Officer.
Before we begin, let me draw your attention to the fact that today's discussions may include certain forward-looking statements, which are predictions, projections, or other estimates about. These statements are subject to various risks and uncertainties that may cause actual results to differ materially. Please note that this conference is being recorded.
With that, I would like to
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