Ather Energy Achieves Profitability with 63% Revenue Growth in Q2 FY27
Ather Energy reports a significant net profit of Rs 1.3 crore in Q2 FY27, driven by a 63% increase in revenue.
Ather Energy's revenue reached Rs 1,464 crore in Q2 FY27.
The company sold 93,211 electric two-wheelers during the quarter.
Ather's share price rose over 13%, boosting its market cap to Rs 61,856 crore.
Ather Energy, a prominent electric two-wheeler manufacturer, has reported a remarkable 63% increase in its operating revenue for the second quarter of FY27, achieving a net profit of Rs 1.3 crore. This financial turnaround is attributed to the rising demand for its electric scooters, as detailed in the company's quarterly financial results submitted to the National Stock Exchange (NSE).
In Q2 FY27, Ather Energy's operational revenue surged to Rs 1,464 crore, up from Rs 899 crore in the same quarter last year. The company’s sole revenue source remains the sales of electric two-wheelers and related services. During this quarter, Ather sold a total of 93,211 units, nearly doubling its sales from 52,961 units in Q2 FY26.
Additionally, Ather Energy reported Rs 62 crore in other income, bringing the total income for the quarter to Rs 1,527 crore. Compared to the previous quarter, the revenue saw a 20% increase from Rs 1,217 crore in Q1 FY27. However, material costs, primarily for battery cells and components, constituted the largest expense, rising 59% year-on-year to Rs 1,160 crore. Employee benefit expenses also saw a 6% increase, totaling Rs 121 crore.
The increase in sales and other income played a crucial role in Ather Energy's profitability, marking a significant recovery from a net loss of Rs 154 crore in the corresponding quarter last year. The company maintained its position as the third-largest player in the electric two-wheeler market, with 30,479 registrations in September, accounting for a 14.71% market share, reflecting a nearly 5% month-on-month increase.
As of 3 PM today, Ather Energy's stock price surged over 13%, reaching Rs 1,562 per share, which elevated its market capitalization to approximately Rs 61,856 crore (around $6.5 billion). Looking ahead, Ather Energy is poised to capitalize on the growing demand for electric vehicles, with expectations for continued revenue growth and further market expansion in the coming quarters.
