Ather Energy returns to profit in Q2 and plans capacity expansion
Ather Energy posted a Q2 profit of Rs.1.26 crore versus a year-earlier loss, with revenue up 63%. The company will raise annual production capacity.
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what happened
Shares of Indian electric two-wheeler maker Ather Energy rose nearly 5% on Tuesday, 27 October, after it reported results for the July-September quarter. The company said revenue from operations reached Rs.1,464.2 crore, up 63% from a year earlier. Profit after tax was Rs.1.26 crore, compared with a loss of Rs.154 crore, and EBITDA came in at Rs.74.2 crore.
Vehicle sales rose 44% to 93,000 units. The board approved higher annual capacity at Hosur, to 4.95 lakh units, and at Factory 3.0, to 6.5 lakh units. Total installed capacity is expected to reach about 11.4 lakh units by Q2 FY28, with Rs.122 crore earmarked for the expansion. Emkay Global kept its Buy rating and raised its target price by about 2% to Rs.2,250.
why it matters
For markets, this is mainly a story about strong growth at a single company in the electric vehicle segment. Ather shares are already up about 126% in 2026, so the reaction reflects expectations for volumes and margins. The news matters for investors in India's EV sector, but its broader market impact is limited.
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- Ather Energy shares already up 126% in 2026 and jump 5% to extend post Q2 rally today - Should you buy famous EV stock? — Moody's, 27 October 2026 at 08:27 UTC
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