Ather Energy shares surge 18% to 52-week high on strong Q1 show; can the EV maker sustain margin growth? Ather Energy shares surged nearly 18% to their intraday and 52-week high of ₹1,500 apiece on Tuesday, August 4, 2026, driven by the company’s strong Q1 earnings growth. The electric two-wheeler manufacturer’s results showed a significant reduction in net losses and improved margins, sparking investor optimism. The stock closed at ₹1,453.20 apiece, reflecting a 14.18% gain compared to the previous day’s close of ₹1,272.70. The surge came amid heightened focus on Ather’s ability to sustain margin growth amid rising demand for electric vehicles in India. The company’s Q1 FY27 results revealed a 71% decline in net losses, from ₹178 crore in Q1 FY26 to ₹51 crore in Q1 FY27. Revenue grew by 89% year-over-year, reaching ₹1,217 crore, while total expenses rose 54% to ₹1,311 crore. Despite the increase in expenses, operational EBITDA improved from -₹134 crore to -₹33 crore, marking an 75% reduction in losses. The EBITDA margin expanded from -20.83% to -2.73%, a 18.1% improvement that signaled progress in cost management and revenue scaling. Analysts highlighted the structural tailwinds supporting Ather’s growth, including favorable government policies and shifting consumer sentiment toward electric mobility. The company’s management expressed confidence in the domestic market’s demand for electric two-wheelers, citing the ethanol push as a key driver of adoption. However, challenges such as commodity price volatility and supply chain constraints remained potential headwinds. Market experts from CLSA noted that Ather’s margin growth exceeded expectations, attributing the improvement to strong volume growth, policy support, and cost reduction measures. They predicted that the upcoming Factory 3.#hsbc #clsa #nomura #ather_energy #factory_3_0
