Ather Energy Turns Profitable in Q2 FY27 as Revenue Jumps 63%

Ather Energy reported a net profit of Rs 1.3 crore in Q2 FY27, compared with a net loss of Rs 154 crore in the year-ago quarter. Operating revenue rose 63% year-on-year to Rs 1,464 crore from Rs 899 crore, according to quarterly financial results filed with the National Stock Exchange. The headline takeaway: higher electric two-wheeler sales helped push the company into the black.

Ather sold 93,211 units during the quarter, up from 52,961 units in Q2 FY26. The company said electric two-wheelers and related services remained its sole source of operating revenue, though it did not disclose a detailed revenue breakup. Total income reached Rs 1,527 crore after Rs 62 crore in other income.

Material costs remained Ather Energy’s largest expense, rising 59% year-on-year to Rs 1,160 crore in Q2 FY27. Employee benefit expenses increased 6% to Rs 121 crore, while depreciation and amortisation, legal services, advertising and other operating activities also contributed to higher spending. Total expenditure rose to Rs 1,526 crore from Rs 1,095 crore in the corresponding quarter last year.

According to Vahan data cited by Entrackr, Ather Energy retained the third spot in September with 30,479 registrations and a 14.71% market share. Registrations rose nearly 5% month-on-month from 29,068 units in August. As of 3 PM on the report date, Ather Energy’s share price had surged over 13% to Rs 1,562 per share, taking its market capitalisation to Rs 61,856 crore, approximately $6.5 billion.