Block Deal: A big block deal is going to happen in electric two-wheeler company Ather Energy. In this, government fund – National Investment and Infrastructure Fund (NIIF) is preparing to sell up to 1.92% of its stake. CNBC-TV18 has given this news quoting sources.
What will be the size of the block deal?
The total size of this block deal may be around ₹ 533.5 crore. The shares may be priced in the range of ₹705.7 to ₹727.55 per share. The floor price of the block deal has been kept at a discount of about 3% from the current market price.
Big reduction in losses in the third quarter
Ather Energy has reduced its losses to a great extent in the third quarter of FY26. The company’s net loss declined to ₹83.6 crore in Q3, compared to ₹197.6 crore in the same quarter last year.
The company’s revenue rose 50% year-on-year to ₹953.6 crore in the December quarter, from ₹635 crore a year ago. Higher sales of vehicles and increasing non-vehicle revenue contributed to this growth.
Earnings increased from software and services
The share of non-vehicle revenues such as software subscriptions, charging, accessories, spare parts and services has now increased to 14% in Ather’s total earnings. Due to this, the company’s earnings seem to be more diversified.
Along with strong revenue, the company also saw a big improvement in its margins. Adjusted gross margin (AGM) grew 111% year-on-year to ₹251.3 crore in Q3FY26. Excluding incentives, AGM margin stood at 23%, an increase of about 1,100 basis points year-on-year.
Record sales and strong market share
Ather Energy sold 67,851 units in the third quarter, which is the highest quarterly sales till date. This represents a growth of 50% on an annual basis.
During this period, the company’s pan-India market share increased to 18.8%. During the festive season, Ather recorded a record 30,900 registrations in a month, taking its market share to nearly 20% that month.
Status of Ather Energy shares
Shares of Ather Energy closed at ₹725.10, down 0.02% on the BSE on February 10. The stock has gained 72.56% in the last 6 months. At the same time, it has given multibagger returns of about 140% in 1 year. The market cap of the company is Rs 27.75 thousand crore.
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