Ather Energy shares jump 14% as EV maker posts Q2 profit, plans capacity expansion
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Ather Energy shares jumped 14% to ₹1,575 on Monday after the firm reported a Q2 profit of ₹1.26 crore.
- ✓The EV maker plans to expand annual production capacity by 2.25 lakh units.
- ✓CEO Tarun Mehta said, "Demand has more than doubled year-on-year this quarter, and to meet it, we are further augmenting."
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Shares of Ather Energy jumped nearly 14 per cent to ₹1,575 apiece on Monday after the electric two-wheeler maker reported a consolidated net profit for the September quarter, against a loss a year earlier, and announced plans to expand annual production capacity by 2.25 lakh units to meet rising demand.
The company reported a consolidated profit after tax (PAT) of ₹1.26 crore in Q2, compared with a loss of ₹154 crore in the year-ago period. Consolidated total income rose 62 per cent y-o-y to ₹1,527 crore, while volumes grew 42 per cent to 93,211 units.
Ather reported an EBITDA of ₹74.2 crore, marking its second consecutive EBITDA-positive quarter. Its EBITDA margin improved to 4.9 per cent from -9.6 per cent in Q2 FY26, supported by higher volumes, improved product mix and cost discipline. Adjusted gross margin rose 160 basis points y-o-y to 24 per cent, despite elevated commodity costs.
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