Ather Energy Reports First Quarterly Profit of ₹1.3 Crore

Electric vehicle manufacturer Ather Energy reported a consolidated net profit of ₹1.3 crore for the second quarter of the 2027 fiscal year, marking a shift from the net loss of ₹154.1 crore recorded during the same period last year. The company’s operating revenue rose 62.9% year-on-year to reach ₹1,464.2 crore.

Key Financial Highlights

• Profit turnaround: The company moved from a net loss of ₹154.1 crore in Q2 FY26 to a net profit of ₹1.3 crore in Q2 FY27.
• Revenue growth: Operating revenue reached ₹1,464.2 crore, a 62.9% increase compared to the ₹898.9 crore reported in the same quarter last year.
• Sequential improvement: Revenue grew 20.3% quarter-on-quarter, rising from ₹1,216.9 crore in the June quarter.
• Operating efficiency: While the company achieved net profitability, total expenses of ₹1,526 crore slightly exceeded operating revenue, with other income contributing to the final profit figure.
• Expansion plans: Ather announced it will increase annual manufacturing capacity by 2.25 lakh units across its existing Hosur site and the upcoming Factory 3.0.

Earnings and Operational Performance

The transition to profitability follows Ather’s earlier milestone of becoming EBITDA positive in the first quarter of the fiscal year, when it reported an EBITDA of ₹9 crore despite remaining at a net loss. During the second quarter, total expenses increased by 39.4% to reach ₹1,526 crore. The company noted that this expenditure growth remained slower than the rate of increase in operating revenue.

Total income for the quarter, which includes other income of ₹62.7 crore, stood at ₹1,527 crore. This compares to a total income of ₹940.7 crore during the same period in the previous fiscal year. The firm’s operating revenue fell short of total expenses by ₹61.5 crore, underscoring the reliance on other income to reach the net profit status.