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Ather Energy shares jump 14% on Q2 profit turnaround; capacity set to expand

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Ather Energy shares jump 14% on Q2 profit turnaround; capacity set to expand

Shares of Ather Energy jumped around 14% to Rs 1,575 per share on Monday after the electric two-wheeler maker reported a consolidated net profit in Q2 FY27, compared with a loss in the year-ago period. The company also announced plans to expand its annual production capacity by 2.25 lakh units across its Hosur and AURIC facilities to meet growing demand.

Ather Energy reported a consolidated profit after tax of Rs 1.26 crore for the quarter ended September 2026, against a loss of Rs 154 crore in Q2 FY26. Its consolidated total income rose 62% year-on-year to Rs 1,527 crore, while vehicle volumes increased 42% to 93,211 units, according to the company’s press release.

The company posted an EBITDA of Rs 74.2 crore during the quarter, marking its second consecutive EBITDA-positive quarter. Its EBITDA margin improved to 4.9% from negative 9.6% a year earlier, supported by higher volumes, product mix and pricing decisions.

Ather said customer enquiries rose 109% year-on-year to around 10 lakh in Q2 FY27, while pre-orders more than doubled to 1.8 lakh units. Its Hosur facility operated at 98% capacity utilisation during peak production in the quarter.

95 lakh units by December 2026. Its upcoming AURIC facility in Chhatrapati Sambhajinagar is scheduled to begin commercial production in phases from December 2026, with an initial annual capacity of 5 lakh units. 5 lakh units by Q2 FY28.



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