Ather Energy Shares Gain 7% After First Quarterly Profit
Ather Energy shares extended their rally for a second session after the company reported its first-ever quarterly net profit, according to Moody's.
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what happened
Shares of India's electric two-wheeler maker Ather Energy rose another 7% on Tuesday, October 27, after a 17% jump in the previous session. The rally followed the company's first-ever quarterly net profit and a move into positive EBITDA in the September quarter, according to Moody's.
Revenue climbed 62.8% year on year to Rs 1,464 crore from Rs 899 crore, while sales volumes rose 42% to 93,000 units. Net profit came in at Rs 1.26 crore, against a loss of Rs 154 crore a year earlier, and the EBITDA margin reached 0.77%. The board also approved capacity expansion at plants in Hosur and Chhatrapati Sambhajinagar.
HSBC kept its buy rating and lifted its target price to Rs 1,800. Nomura also rates the stock buy, with a Rs 2,070 target, pointing to better average selling prices and margins. HSBC flagged the market reception to the new Konarc range as a near-term risk.
why it matters
The results shift the picture from losses to operating break-even despite high commodity costs, which changes how investors view a stock valued on growth. Demand for the new scooter lineup remains the key factor to watch.
market impact
Ather Energy shares: profit and sales growth support the stock
- Ather Energy shares pressure up — first quarterly net profit and 62.8% revenue growth support demand for the stock
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instruments
sources
- Ather Energy Shares Rally 7% After Q2 Profit; HSBC, Nomura Raise Confidence — Moody's, 27 October 2026 at 13:42 UTC
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