Ather Energy turns profit in Q2 FY27: ₹1.26 Cr vs ₹154.07 Cr loss
The EV scooter maker grew revenue 63% and is adding factory capacity at Hosur and AURIC.
The 30-second read
- Ather Energy reported a net profit of ₹1.26 Cr in Q2 FY27, against a loss of ₹154.07 Cr a year earlier.
- Revenue from operations rose 63% to ₹1,464.24 Cr, and the firm sold 93,211 vehicles, up 42%.
- About ₹122 Cr of capex is approved to expand Hosur and AURIC, while market share slipped to 15.1%.
IllustrationAther Energy's consolidated bottom line turned positive in Q2 FY27, at a profit of ₹1.26 Cr. A year earlier, it posted a loss of ₹154.07 Cr. In the prior quarter ending June, the loss was ₹51.09 Cr. Revenue from operations rose 63% to ₹1,464.24 Cr from ₹898.88 Cr. The company sold 93,211 vehicles, up 42%. EBITDA was ₹74.17 Cr, a margin of 4.9% against minus 9.6% a year ago. It was the second straight positive quarter.
Total income was reported in two ways. Indian Startup News gave ₹1,526.95 Cr, from ₹940.67 Cr. Entrackr gave ₹1,527 Cr, up 62%. Entrackr also first reported that enquiries rose 109% to about 10 lakh, and pre-orders more than doubled to 1.8 lakh. It also reported the launch of Konarc, the first scooter on the EL platform.
Tarun Mehta, co-founder and CEO of Ather Energy, said: "We delivered a strong quarter, with robust topline growth and a positive bottomline, despite surging commodity prices and supply chain disruptions. At Ather, demand has more than doubled year-on-year this quarter, and to meet it, we are further augmenting our production capacity at Hosur and AURIC," as first reported by Indian Startup News. The board approved capex of about ₹122 Cr. Hosur capacity moves from 4.2 lakh to 4.95 lakh by December 2026. AURIC moves from 5 lakh to 6.5 lakh by Q2 FY28. Together, that is about 11.4 lakh. Hosur ran at 98% capacity at peak production.
On Monday, Entrackr reported the stock jumped about 14% to ₹1,575. The Economic Times reported a close of ₹1,574, up 13.7% in the session. As the market grew faster, Ather's slice of electric two-wheeler registrations slipped from 17.2% to 15.1%. Hero MotoCorp and co-founder Swapnil Jain are among the promoters. Hero's stake is set to rise to 30.68% from 29.48% on full warrant conversion, first reported by Indian Startup News.
Why it matters
Ather's first quarterly profit shows an Indian EV maker can earn money as it scales. Investors in the stock and EV buyers should watch whether the new capacity helps it win back market share.
The data
| Metric | Q2 FY27 | Year earlier |
|---|---|---|
| Net profit/(loss) | ₹1.26 Cr | Loss of ₹154.07 Cr |
| Revenue from operations | ₹1,464.24 Cr | ₹898.88 Cr |
| EBITDA margin | 4.9% | Minus 9.6% |
| EV registration share | 15.1% | 17.2% |
