From The Economic Times · Kumar Gaurav · · 1m 20s
Ather Energy Shares Jump 19% After Profit Turnaround
Ather Energy shares surged 19% after reporting Rs 1.26 crore profit in Q2FY27, marking a turnaround from Rs 154 crore loss.
In brief
Ather Energy shares surged 19% after reporting Rs 1.26 crore profit in Q2FY27, marking a turnaround from Rs 154 crore loss. Ather Energy reported a Rs 1.26 crore net profit in Q2FY27, reversing a Rs 154 crore loss from Q2FY26. Originally reported by The Economic Times.
Ather Energy Reports Profit Turnaround
Ather Energy shares skyrocketed 18.78% intraday after reporting a net profit of Rs 1.26 crore in Q2FY27, reversing a Rs 154 crore loss from Q2FY26.
Revenue Growth Accelerates
Revenue rose 62.8% year-on-year to Rs 1,464 crore in Q2FY27, up from Rs 899 crore in Q2FY26.
EBITDA Turns Positive
EBITDA improved to Rs 11.3 crore, reversing a Rs 133 crore loss from the same period last year.
Margin Improves Despite Costs
Adjusted Gross Margin rose 160 basis points to 24% despite higher input costs for aluminium, copper, lithium and crude-linked plastics.
Capacity Expansion Approved
Ather Energy's board approved Rs 122 crore capital expenditure to expand manufacturing capacity at Hosur and Chhatrapati Sambhajinagar facilities.
Production Capacity Increases
Hosur facility production capacity rises from 420,000 to 495,000 units annually, while Factory 3.0 capacity increases from 500,000 to 650,000 units.
CEO Comments on Growth
CEO Tarun Mehta said demand for electric two-wheelers has more than doubled year-on-year, supporting production capacity expansion.
The takeaway
Ather Energy reported a Rs 1.26 crore net profit in Q2FY27, reversing a Rs 154 crore loss from Q2FY26.
