Ather Energy Q2 FY27 Earnings Call Transcript Released
Ather Energy released its Q2 FY27 earnings call transcript. The company reported strong industry growth and its own 42% YoY wholesale volume increase to 93,000 units. Key launches included the Konarc scooter and new battery technology. Capacity expansion aims for 11.4 lakh units by Q2 FY28. Despite commodity cost pressures, gross margins improved, and the company achieved positive EBITDA and PAT for the first time.
The transcript covers significant operational and financial updates, including strong sales growth, new product launches impacting market share, substantial capacity expansion plans, and the achievement of key financial milestones like positive EBITDA and PAT, which are highly material to investors.
The announcement details strong growth in sales and market penetration, successful new product launches, significant capacity expansion plans, and the achievement of positive EBITDA and PAT, indicating a positive business performance.
Ather Energy Limited has released the transcript of its Q2 FY27 earnings conference call, which was held on October 26, 2026. The call featured insights from Executive Director and CEO, Mr. Tarun Mehta, and Chief Financial Officer, Mr. Sohil Parekh.
During the call, Mr. Mehta highlighted a stellar quarter for Ather Energy and the broader EV industry, with industry registrations growing 82% year-on-year. He noted a broad-based growth across all regions, with South India continuing to be a strong market. Q2 FY27 marked a significant milestone with pan-India E2W penetration crossing 10% for the first time.
The company also discussed several key launches and updates from its Ather Community Day 2026. These included Ather TrueHealth, a health monitoring system for scooters; Ather Node, an apartment charging infrastructure product; Ather Bedrock, fifth-generation battery packs with enhanced safety and a 10-year warranty; and the launch of Konarc, a new mainstream product designed to attract petrol scooter buyers. New features like AirWalk, MagicKey, AutoPop, and AeBS were also detailed.
Ather Energy reported strong demand metrics, with Ather searches up 94% and inquiries up 109% year-on-year, leading to a 42% growth in wholesale volumes to 93,000 units in Q2 FY27. The company is also undertaking significant capacity expansions, with plans to increase total installed capacity to 11.4 lakh units by Q2 FY28.
Despite facing higher-than-anticipated commodity costs, Ather Energy managed a 5.3% improvement in gross margins over the last two quarters, driven by price hikes and SKU management. The company achieved positive EBITDA of 4.9% and positive PAT for the first time in Q2 FY27. The new AURIC Phase 1 facility is on track for Q3 FY27 trial production.
The company also addressed questions regarding capacity realization, pricing levers, the reception of the Konarc model, and dealer network expansion. They emphasized that while commodity costs remain a challenge, strategic pricing and product development, particularly with Konarc, are expected to drive future growth and profitability.
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