Ather Energy Limited — Quarter and year ended March 31, 2026
| Particulars | For the quarter ended March 31, 2026 (refer note ix) | For the quarter ended December 31, 2025 (Unaudited) | For the quarter ended March 31, 2025 (refer note ix) | For the year ended March 31, 2026 (Audited) | For the year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| I Revenue from operations | 1,174.66 | 953.64 | 676.08 | 3,671.76 | 2,255.01 |
| II Other income | 39.11 | 42.09 | 11.71 | 151.32 | 50.21 |
| III Total income (I + II) | 1,213.77 | 995.73 | 687.79 | 3,823.08 | 2,305.22 |
| IV Expenses | |||||
| – Cost of material consumed | 811.56 | 757.32 | 519.95 | 2,808.15 | 1,826.88 |
| – Purchase of stock-in-trade | 19.24 | 30.20 | 39.52 | 97.04 | 100.67 |
| – Change in inventories of finished goods, stock-in-trade and work-in-progress | 74.26 | (43.14) | 4.35 | (7.58) | (50.80) |
| – Employee benefits expenses | 126.61 | 122.44 | 109.09 | 481.60 | 412.38 |
| – Finance costs | 17.96 | 19.33 | 28.54 | 82.20 | 110.62 |
| – Depreciation and amortisation expenses | 51.80 | 30.43 | 45.24 | 172.89 | 171.02 |
| – Other expenses | 212.57 | 158.75 | 175.46 | 700.91 | 546.73 |
| Total expenses (IV) | 1,314.00 | 1,075.33 | 922.15 | 4,335.21 | 3,117.50 |
| V Loss before exceptional items and tax (III – IV) | (100.23) | (79.60) | (234.36) | (512.13) | (812.28) |
| VI Exceptional items (refer note viii) | – | 5.04 | – | 5.04 | – |
| VII Loss before tax (V – VI) | (100.23) | (84.64) | (234.36) | (517.17) | (812.28) |
| VIII Tax expense | |||||
| (1) Current tax | – | – | – | – | – |
| (2) Deferred tax | – | – | – | – | – |
| Total tax expense (VIII) | – | – | – | – | – |
| IX Loss for the period / year (VII – VIII) | (100.23) | (84.64) | (234.36) | (517.17) | (812.28) |
| X Other comprehensive income | |||||
| (1) Items that will not be reclassified to profit or loss | |||||
| – Re-measurement gain / (loss) on defined benefit plans | 1.99 | 1.03 | (2.89) | 0.42 | (4.64) |
| – Income tax relating to above item | – | – | – | – | – |
| Total Other comprehensive income / (loss) for the period / year (X) | 1.99 | 1.03 | (2.89) | 0.42 | (4.64) |
| XI Total comprehensive loss for the period / year (IX+X) | (98.24) | (83.61) | (237.25) | (516.75) | (816.92) |
| XII Paid up Equity Share Capital | 38.27 | 38.18 | 29.06 | 38.27 | 29.06 |
| XIII Other Equity | 2,534.36 | 463.93 | |||
| XIV Loss per equity share in ₹ (face value of ₹1 each) (not annualised for the period) | |||||
| (1) Basic | (2.62) | (2.22) | (8.93) | (13.99) | (32.24) |
| (2) Diluted | (2.62) | (2.22) | (8.93) | (13.99) | (32.24) |
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| NON CURRENT ASSETS | ||
| Property, plant and equipment | 307.31 | 267.36 |
| Right of use assets | 218.35 | 244.30 |
| Capital work-in-progress | 102.61 | 5.67 |
| Intangible assets | 101.71 | 104.30 |
| Intangible assets under development | 237.57 | 116.27 |
| Financial assets | ||
| (i) Other financial assets | 44.82 | 33.30 |
| Other non-current assets | 334.24 | 172.55 |
| TOTAL – NON CURRENT ASSETS | 1,346.61 | 943.75 |
| CURRENT ASSETS | ||
| Inventories | 281.56 | 244.63 |
| Financial assets | ||
| (i) Investments | 552.01 | 41.00 |
| (ii) Trade receivables | 8.30 | 11.84 |
| (iii) Cash and cash equivalents | 111.94 | 69.80 |
| (iv) Bank balances other than (iii) above | 711.21 | 300.63 |
| (v) Loans | 0.17 | 0.42 |
| (vi) Other financial assets | 1,300.00 | 135.15 |
| Current tax assets | 4.42 | 4.66 |
| Other current assets | 405.29 | 348.73 |
| TOTAL – CURRENT ASSETS | 3,374.90 | 1,156.86 |
| TOTAL ASSETS | 4,721.51 | 2,100.61 |
| EQUITY AND LIABILITIES | ||
| EQUITY | ||
| Equity share capital | 38.27 | 29.06 |
| Other equity | 2,534.36 | 463.93 |
| TOTAL – EQUITY | 2,572.63 | 492.99 |
| LIABILITIES | ||
| NON CURRENT LIABILITIES | ||
| Financial liabilities | ||
| (i) Borrowings | 367.42 | 116.86 |
| (ii) Lease liabilities | 120.62 | 143.08 |
| (iii) Other financial liabilities | 6.93 | 11.94 |
| Provisions | 95.40 | 79.21 |
| Other non-current liabilities | 163.27 | 83.35 |
| TOTAL – NON CURRENT LIABILITIES | 753.64 | 434.44 |
| CURRENT LIABILITIES | ||
| Financial liabilities | ||
| (i) Borrowings | 145.65 | 332.99 |
| (ii) Lease liabilities | 30.53 | 26.29 |
| (iii) Trade payables | ||
| (A) Total outstanding dues of micro and small enterprises | 58.06 | 48.35 |
| (B) Total outstanding dues of creditors other than micro and small enterprises | 771.96 | 512.55 |
| (iv) Other financial liabilities | 73.83 | 45.42 |
| Other current liabilities | 190.25 | 88.72 |
| Provisions | 124.96 | 118.86 |
| TOTAL – CURRENT LIABILITIES | 1,395.24 | 1,173.18 |
| TOTAL EQUITY AND LIABILITIES | 4,721.51 | 2,100.61 |
| Particulars | For the year ended March 31, 2026 (Audited) | For the year ended March 31, 2025 (Audited) |
|---|---|---|
| A. Cash flows from operating activities | ||
| Loss before tax | (517.17) | (812.28) |
| Adjustments for: | ||
| Depreciation and amortisation expense | 172.89 | 171.02 |
| Warranty cost | 60.35 | 60.17 |
| Assets discarded | 0.18 | 1.27 |
| Finance costs | 82.20 | 110.62 |
| (Reversal) / Allowance for doubtful advance and receivables (net) | (1.72) | 8.90 |
| Provision/Liability no longer required written back | (0.02) | (7.54) |
| Sundry balances written off | 0.02 | 0.01 |
| Unrealized foreign exchange loss/(gain) (net) | 3.29 | (1.72) |
| Share based payment expense, (net) | 58.43 | 83.14 |
| Interest income | (133.32) | (19.01) |
| Gain on sale of property, plant and equipment, (net) | – | (0.02) |
| Gain on termination of lease | – | (0.26) |
| Net gain on disposal / fair valuation of investments carried at fair value through profit & loss | (17.20) | (21.80) |
| Operating loss before working capital changes | (292.07) | (427.50) |
| Changes in working capital: | ||
| (Increase)/decrease in inventories | (36.93) | (127.84) |
| (Increase)/decrease in trade receivables | 3.53 | (10.38) |
| (Increase)/decrease in other financial assets | 35.18 | (34.41) |
| (Increase)/decrease in other assets | (101.19) | (137.80) |
| Increase / (decrease) in trade payables | 267.65 | 159.37 |
| Increase / (decrease) in other financial liabilities | 21.25 | (93.85) |
| Increase / (decrease) in other liabilities and provisions | 134.23 | (46.04) |
| Cash generated from / (used in) operations | 31.65 | (718.45) |
| Income taxes refund / (paid) (net) | 0.24 | (2.25) |
| Net cash generated from / (used in) operating activities | 31.89 | (720.70) |
| B. Cash flows from investing activities | ||
| Capital expenditure on property, plant and equipment and intangible assets, capital work in progress and intangible assets under development including capital advances and payable on purchase of property, plant and equipment | (506.07) | (339.00) |
| Proceeds from disposal of property, plant and equipment | 0.35 | 0.04 |
| Investments in term deposits | (3,728.80) | (245.00) |
| Redemption of term deposits | 2,121.91 | 153.80 |
| (Investments in) / Proceeds from mutual funds (net) | (534.04) | 12.60 |
| Interest received | 120.14 | 39.40 |
| Net cash used in investing activities | (2,526.51) | (378.16) |
| C. Cash flows from financing activities | ||
| Proceeds from issue of compulsorily convertible preference shares (including securities premium) | – | 86.61 |
| Proceeds from issue of equity shares (including securities premium, net of IPO expenses) | 2,540.03 | – |
| Proceeds from exercise of employee stock option plan | 0.07 | – |
| Principal Payment of lease liabilities | (25.77) | (21.14) |
| Proceeds from non-current borrowings (including current maturities) | 548.71 | 410.00 |
| Repayment of non-current borrowings (including current maturities) | (395.48) | (258.33) |
| (Repayment) / Proceeds from current borrowings (net) | (86.17) | 583.00 |
| Finance costs | (84.86) | (97.25) |
| Net cash generated from financing activities | 2,496.53 | 702.89 |
| Net increase / (decrease) in cash and cash equivalents | 1.91 | (395.97) |
| Cash and cash equivalents at the beginning of the year | 69.80 | 227.90 |
| Liquid mutual funds at the beginning of the year | 40.23 | 278.10 |
| Cash and cash equivalents at the end of the year | 111.94 | 110.03 |
| Particulars | March 31, 2026 | March 31, 2025 |
|---|---|---|
| Cash on hand | 0.32 | 0.09 |
| Balances with banks in current accounts and term deposits | 111.62 | 69.71 |
| Liquid mutual funds | – | 40.23 |
| Total | 111.94 | 110.03 |