Bengaluru-based electric scooter star Ather Energy has smashed its own records! In the second quarter of fiscal year 2026 (Q2 FY26), the company posted its highest-ever quarterly revenue of a whopping Rs 941 crore. Even better news? Its net loss came down to Rs 154 crore from Rs 197.2 crore a year earlier. Why this jump? The sizzling sales of its popular scooters — Rizta and the 450 series — played lead roles. Ather Energy delivered a huge 65,595 units from July to September, a 67% leap from last year’s 39,305 units and a 42% jump compared to the first quarter. This surge helped Ather boost its share in India’s electric scooter race to 17.4% from just 12.1% a year ago. CEO Tarun Mehta sounded thrilled, saying, "Q2 has been a strong quarter, with steady growth in market share and continued progress on our path to profitability." He added that focusing on Middle India paid off big time, with states like Gujarat, Madhya Pradesh, and Maharashtra showing rapid growth. Plus, Ather’s hold on South India got even stronger with market share climbing from 19.1% to 25%. Costs did rise — total expenses were up 37% to Rs 1,094 crore, with raw materials jumping 46% to Rs 736 crore. But the company still boosted its adjusted gross margin by 300 basis points to 22%, thanks to smarter product mix, cost controls (“value engineering”), and rising income from software and service subscriptions. Non-vehicle revenues like software, charging, accessories, spares, and maintenance now make up 12% of total income. The company’s EBITDA loss narrowed sharply to Rs 90.7 crore from Rs 134 crore in the last quarter, and margins showed a marked improvement. Ather did not stop there — the company pumped up its retail game by opening 78 new experience centers in Q2, taking total stores nationwide to 524. The growing retail network is vital for reaching more Indian cities and scooter lovers. Mehta credited this expansion and the popularity of Rizta for driving the excellent momentum. Despite the bright numbers, Ather Energy shares slid 5% to close at Rs 624 on the NSE Monday. Yet, with strong sales, improving profits, and a growing base of stores, Ather is clearly steering towards a sparkling future in India’s booming electric vehicle market.