ATHERENERG Ather Energy Q2 FY27 results (Jul–Sep 2026) and concall
Ather had a breakout Q2 FY27. Wholesale volume grew 42% to 93,000 units, registrations rose ~60%, and the company reached positive EBITDA (4.9%) and its first-ever positive PAT, helped by a ₹14,000 rise in average selling price and a 5.3% structural gross-margin gain. The industry grew 82% YoY and E2W penetration passed 10% for the first time, but Ather is supply-constrained, with an estimated 20,000 units/month of unmet demand. The Board approved more capacity at Hosur (+6,000/month) and AURIC Phase 1 (+12,000/month), taking installed capacity to 11.4 lakh units by Q2 FY28. Commodities remain
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What they filed
Q2 FY27: revenue up 62.9%, net profit up 101.0% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 635 | 676 | 645 | 899 | 954 +50% | 1,175 +74% | 1,217 +89% | 1,464 +63% |
| EBITDA | -141 | -172 | -134 | -133 | -72 +49% | -70 +60% | -33 +75% | 12 +109% |
| Net profit | -198 | -234 | -178 | -154 | -85 +57% | -100 +57% | -51 +71% | 2 +101% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
