Q1 2026 Ather Energy Ltd Earnings Call Transcript
Key Points
- Ather Energy Ltd (NSE:ATHERENERG) reported a significant increase in units sold, reaching 46,000 units, which is up almost 100% compared to the same quarter last year.
- The company achieved a total income of 672 crores, marking an 83% increase over the same quarter last year.
- Ather Energy Ltd's market share grew from 7.6% to 14.3% year-on-year, with a notable increase in South India where it became the number one player with a 22.8% market share.
- The company expanded its distribution network significantly, adding 95 stores in Q1, bringing the total to 446 stores, which supports its growth strategy.
- Non-vehicle revenue, including accessories and software, contributed 12% to total revenue, showing a strong trend in diversification of income streams.
- Ather Energy Ltd faced challenges due to the export ban on heavy rare earth magnets from China, which could impact production and supply.
- Despite improvements, the company reported a negative EBITDA margin of -16%, although this was an improvement from the previous year.
- There is a potential short-term impact on business due to rare earth supply issues, which could affect production for about a week.
- The company is still navigating the cost implications of transitioning to alternative magnet solutions, which could involve additional logistics costs.
- Ather Energy Ltd's operational expenses are expected to increase, particularly in manufacturing and sales teams, which could impact profitability.
Ladies and gentlemen, good day and welcome to Ether Energy Limited Q1 F 526 Owings conference call. As a reminder, all participants clients will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during this conference call, please signal an operator by pressing and Zino on your touchstone phone.
Please note that this conference has been recorded. I now hand over the conference to Mr. Murli Shashiharan from Ether Energy Limited.
Thank you and over to you, sir.
Thank you, ladies and gentlemen, a very good afternoon and welcome to ETA Energy Limited Q1 FY26 earnings conference call. We have with us today Mr. Kaun Mehta, executive director and CEO, AO Energy, and Mr. Sohil Tarek, Chief Financial Officer, AO Energy. Before we begin, I would like to add that. Anything that the management might say on this call, which might be seen as forward-looking statements may involve risks and uncertainties.
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