Ather Energy turns profitable in Q2 as revenue jumps 63% to Rs 1,464 crore

Ather Energy turned profitable in the July-September quarter of FY27, reporting a net profit of Rs 1.26 crore as growing domestic demand for electric two-wheelers pushed operating revenue up 63 per cent year-on-year to Rs 1,464.24 crore.

The turnaround triggered an immediate rally on the stock market, with Ather Energy's shares rising over 13 per cent during Monday trading to reach Rs 1,562 per share, taking the company's total market capitalisation to approximately Rs 61,856 crore.

Strong volume growth drives earnings

The company's financial turnaround was anchored by a surge in delivery numbers across its scooter portfolio, which includes the performance-focused 450 series and the family-oriented Rizta. Vehicle sales climbed to 93,211 units in the second quarter, up from 52,961 units sold during the same period in the previous fiscal year.

Total income for the quarter reached Rs 1,526.95 crore, assisted by Rs 62 crore in other income. On a sequential basis, revenue grew 20 per cent compared to the Rs 1,217 crore recorded in the first quarter of FY27.

Manufacturing capacity expansion approved

To keep pace with demand supported by national EV incentives under the PM E-Drive scheme, Ather's board of directors approved a capital expenditure plan of Rs 122 crore to expand manufacturing capacity.

The investment will fund expansion at the existing plant in Hosur, Tamil Nadu, alongside development at Factory 3.0 in Chhatrapati Sambhajinagar, Maharashtra. The company's total assets expanded to Rs 6,952.89 crore as of 30 September 2026, compared to Rs 4,721.51 crore six months earlier.

Expenses for the quarter rose to Rs 1,526 crore, primarily driven by raw material costs, battery cells, and component procurement, which grew 59 per cent to Rs 1,160 crore. Employee expenses rose 6 per cent to Rs 121 crore.