Ather Energy turns profitable in Q2, reports net profit of ₹1.26 crore, revenue rises 63%

Ather Energy, the country's leading electric two-wheeler maker, on Monday, October 26, said that it turned profitable in in the second quarter of current financial year on the back of strong growth in its revenue from operations.

Ather Energy reported a net profit of ₹1.26 crore compared with a loss of ₹154 crore in the same period last year. In the previous quarter, Ather Energy reported a net loss of ₹51 crore.

The company's revenue from operations jumped 63% to ₹1,464 crore at the end of September quarter from ₹899 crore in the same period last year.

The Bengaluru-based company reported strong operational performance as it reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of ₹11.42 crore against EBITDA loss of ₹132 crore in the year-ago period.

Its EBITDA margin came in at 0.80%.

Ather Energy said that its board approved capital expenditure plan of approximately ₹122 crore for enhancement of manufacturing capacity at its factories located at Hosur, Tamil Nadu and Chhatrapati Sambhajinagar, Maharashtra.

“The proposed expansion will increase the annual production capacity of electric two-wheelers at the Hosur factory from 4,20,000 units to 4,95,000 units, and the planned annual production capacity of Factory 3.0 from 5,00,000 units to 6,50,000 units,” Ather Energy said in a statement.

During the quarter and half year ended September 30, 2026, Ather Energy by way of qualified institutions placement allotted 1.08 equity shares at an issue price of ₹1,202 aggregating to ₹1,300 crore.

The company also raised fund aggregating to ₹200 crore, through the issuance of 16.26 lakh shares at ₹1,230 per share on a preferential basis.

Ather Energy shares came under heavy buying interest following its earnings announcement as the stock jumped 15% to an intraday high of ₹1,587, outperforming the NIFTY Smallcap 100 index which was up 1.35%.