NEW DELHI, May 4 -- Ather Energy Ltd is moving closer to breakeven as rapid scale-up in volumes and an aggressive expansion of its retail network offset persistent commodity cost pressures, even as the electric two-wheeler maker continues to operate with narrow margins.

The Bengaluru-based company saw its net loss narrow to Rs.517 crore in fiscal year 2026 (FY26) from Rs.812 crore a year earlier, aided by a 16.3 percentage point improvement in earnings before interest tax depreciation and amortization (Ebitda) margin to -6.7%.

Revenue rose 66% to Rs.3,823 crore, driven by a 69% jump in volumes to 263,000 units. The company said store expansion and product-led demand were key drivers of growth, with distribution emerging as a central lev...