Ather Energy Q2 FY27 Results: Revenue Up 62%, EBITDA Turns Positive
Ather Energy reported Q2 FY27 revenue of ₹1,527 crore, up 62% YoY. EBITDA turned positive at 4.9%, a 1,450 bps YoY increase. Vehicles sold grew 42% YoY to 93,211 units. The company is investing ₹122 crore in capacity expansion to reach 1.14 million units by Q2 FY28.
The substantial revenue growth, positive EBITDA, and significant capacity expansion plans are material financial and operational developments that will likely have a high impact on investor perception and the company's future performance.
The company reported strong year-on-year growth in revenue and vehicles sold, along with a significant improvement in EBITDA margin, turning positive. Capacity expansion plans indicate confidence in future demand.
Ather Energy Limited has announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a total income of ₹1,527 crore for Q2 FY27, a significant increase of 62% year-on-year. The EBITDA margin saw a substantial improvement, turning positive at 4.9% and showing a 1,450 basis points increase year-on-year. The Adjusted Gross Margin also grew by 160 basis points year-on-year to 24.0%.
Key operational highlights for Q2 FY27 include a 42% year-on-year growth in vehicles sold, reaching 93,211 units. The company also saw a 60% year-on-year increase in registrations, totaling 92,589 units. Demand, measured by pre-orders, surged by 108% year-on-year. The electric two-wheeler (E2W) penetration in the overall market reached 11.6% in September 2026.
Ather Energy is expanding its manufacturing capacity to meet the rising demand. Enhancements are underway at its Hosur facility and Auric Phase 1, with further investments of ₹58 crore in Hosur and ₹64 crore in Auric Phase 1 planned. The company aims for a total capacity of 1.14 million units by Q2 FY28.
New product developments and features were also highlighted, including Ather TrueHealth™, Ather Node™, Ather Bedrock™ batteries, and the AeBS™ braking system. The company is also experiencing increased consumer interest, with Ather searches up 94% year-on-year and overall EV searches up 34% year-on-year.
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Ather Energy Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Ather Energy Limited. Read the original for the full detail.