Ather Energy reports Q2 net profit of Rs 1.26 crore, shares surge

Electric scooter maker Ather Energy posted a net profit of Rs 1.26 crore for the quarter ended September 30, 2026, shifting from a net loss of Rs 154 crore in the year-ago period. Following the results announcement, the company's shares hit a 10% upper circuit, trading at Rs 1,518 apiece on October 26, while CNBC TV18 reported the stock surged as much as 17% to reach Rs 1,613.

Growth and Expansion

Revenue grew by 63% to Rs 1,464 crore compared to Rs 899 crore a year earlier, aided by a 42% jump in sales volumes to 93,000 units. EBITDA turned positive at Rs 11.3 crore with a margin of 0.77%, against an EBITDA loss of Rs 133 crore in the base quarter. The board approved a Rs 122-crore capital expenditure plan for units in Tamil Nadu and Maharashtra to scale up manufacturing output and meet business demand, to be funded through a mix of debt and internal accruals.

Plant Updates

The Hosur factory in Tamil Nadu will add 75,000 units per annum by December 2026 through an investment of up to Rs 58 crore, which includes a Rs 53 crore investment in a new battery line to be finished by the third quarter of financial year 2028. The Chhatrapati Sambhajinagar unit in Maharashtra will add 1.5 lakh units per annum with an outlay of up to Rs 64 crore, with completion expected by the second quarter of financial year 2028.

Context

Electric vehicle makers in India are scaling up local production capacity to prepare for a steady rise in consumer demand and to strengthen their supply chains. Turning profitable on core earnings and net profit highlights how growing sales volumes can help young tech-driven manufacturing firms cover fixed operational costs over time.