Ather Energy Turns Profitable, Expands Capacity

Ather Energy has turned profitable for the first time, posting a ₹1.26 crore net profit in Q2 FY27 with revenue up 63% YoY to ₹1,464 crore, and its shares surged nearly 19% on October 26 after announcing a ₹122 crore capacity expansion across Tamil Nadu and Maharashtra. ⚡ Q2 FY27 Financial Highlights Metric Q2 FY27 YoY Change Key Insight Revenue ₹1,464 crore +62.8% Driven by 93,000 units sold (+42%) Net Profit ₹1.26 crore Turnaround from ₹154 crore loss First-ever profitable quarter EBITDA ₹74.2 crore Positive vs ₹90.7 crore loss last year Margin 4.9% (+1,450 bps) Adjusted Gross Margin 24% +160 bps Improved product mix & pricing Total Income ₹1,527 crore +62% Strong volume leverage Ather achieved two consecutive EBITDA‑positive quarters, signaling sustainable operational efficiency. 🏭 Expansion Plans & Corporate Moves ₹122 crore CAPEX approved for manufacturing expansion: Hosur (Tamil Nadu): +75,000 units capacity by Dec 2026 (₹58 crore investment). Factory 3.0 – Chhatrapati Sambhajinagar (Maharashtra): +150,000 units capacity by FY28 (₹64 crore investment). Combined installed capacity to reach 11.4 lakh units by FY28. New subsidiaries: Ather Insurance Ltd. and Ather Energy Hong Kong Ltd. for insurance and global supply‑chain optimization. 🛵 Product & Market Highlights Launch of Konarc Scooter (Aug 2026): built on new EL platform with features like MagicKey keyless access, AutoPop seat opening, and AirWalk motor assist. Customer Demand: Enquiries +109% YoY; pre‑orders 1.8 lakh units. Hosur facility utilization: 98% during peak production. Industry context: India’s E2W market registrations up 82% YoY; EV penetration crossed 11%. 📈 Stock Performance (Oct 26 2026) BSE Price: ₹1,574 (+13.7%) NSE Price: ₹1,575 (+14%) Intraday High: ₹1,643.85 (+18.8%) Trend: Strong bullish momentum after profit announcement. Market Cap: ≈ ₹38,000 crore.