India's Ather Energy rises as fourth-quarter loss narrows, Emkay sees strong growth ahead

Ather Energy

05/05/2026 04:51

** Shares in Indian electric vehicle maker Ather Energy ATHR.NS rise 1.9% to 951.55 rupees

** Co posts narrower Q4 loss on Monday of 1 billion rupees ($10.52 million), down from a loss of 2.34 billion rupees last year.

** Q4 volumes rise 76% to 83,418 units, pushing revenue up 73.8% to 11.75 billion rupees.

     ** Brokerage Emkay Capital says it remains positive on the electric two-wheeler segment and sees Ather Energy as a good way to benefit from this trend

** Brokerage points to Ather's strong brand and products, healthy margins, and the potential to gain market share as its EL platform expands

** Retains "Buy" rating, with TP of 1,150 rupees

** YTD, stock up 23.8% vs a 7.7% fall in the Nifty 50 Index .NSEI

($1 = 95.0875 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)

((Abhinav.Parmar@thomsonreuters.com;))