In short: Ather Energy's Q2 FY27 revenue rose 62.9% to ₹1,464 crore from a year earlier, and net profit was ₹1.26 crore, against a loss of ₹154 crore. EBITDA margin was 4.9%, up 410 bps from the previous quarter. Volumes rose 42% to 93,211 scooters, but the profit rests on ₹62.7 crore of other income; without it, the quarter would have shown a pre-tax loss of about ₹61 crore.
What changed in Ather Energy's Q2 FY27 results
- Revenue from operations was ₹1,464 crore, up 62.9% from a year earlier and up 20.3% from the previous quarter.
- Net profit was ₹1.26 crore, against a loss of ₹154 crore a year earlier.
- EBITDA was ₹74 crore, against a loss of ₹91 crore a year earlier.
- EBITDA margin was 4.9%, up 410 bps from the previous quarter and up 1450 bps from a year earlier.
Ather Energy Q2 FY27 results at a glance
| Q2 FY27 | Q1 FY27 | Q2 FY26 | QoQ | YoY | |
|---|---|---|---|---|---|
| Revenue (₹ crore) | 1,464 | 1,217 | 899 | +20.3% | +62.9% |
| EBITDA (₹ crore) | 74 | – | −91 | – | – |
| Net profit (₹ crore) | 1.26 | −51 | −154 | – | – |
| EBITDA margin | 4.9% | 0.8% | −9.6% | +410 bps | +1450 bps |
Genvest analysis
Revenue from operations rose 62.9% from a year earlier and 20.3% from the June quarter to ₹1,464 crore. Ather sold 93,211 scooters, 42% more than a year earlier and 12% more than in June, and revenue per vehicle rose to ₹1,33,507 from ₹1,20,183. Non-vehicle revenue (the AtherStack Pro software pack, Ather Grid charging, accessories, spares and service) rose to 15% of revenue from 12%.
Consolidated net profit was ₹1.26 crore, against losses of ₹51 crore in the June quarter and ₹154 crore a year earlier. The company's EBITDA of ₹74 crore, a 4.9% margin, counts ₹62.7 crore of other income, and the margin is measured on total income. By our calculation from the filing, EBITDA without other income was about ₹11 crore, or 0.8% of revenue from operations, against about −₹33 crore in June; without other income the quarter would have shown a pre-tax loss of about ₹61 crore.
Adjusted gross margin rose 160 bps from a year earlier to 24%, although aluminium, copper, lithium and crude-linked plastics stayed expensive; the company credits pricing and product mix. Costs grew more slowly than revenue: employee costs rose 6% to ₹121 crore and other expenses fell 8% to ₹172 crore.
Electric two-wheeler registrations in India rose 82% from a year earlier to about 5.98 lakh in the quarter, faster than Ather's own registrations (up 60%), so its share of the market slipped to 15.1% from 17.2%, according to its presentation. Pre-orders more than doubled to 1.80 lakh, and the Hosur plant ran at 98% of capacity at peak production.
The board approved about ₹122 crore to add 75,000 units of annual capacity at Hosur, taking it to 4.95 lakh units by December 2026, and 1.5 lakh units at the new plant in Chhatrapati Sambhajinagar, which starts production in phases from December 2026 with 5 lakh units and reaches 6.5 lakh by Q2 FY28. In the quarter Ather also raised ₹1,300 crore through a qualified institutions placement, ₹200 crore through a preferential issue, and ₹250 crore as the 25% upfront payment on ₹1,000 crore of convertible warrants.
What Ather Energy's results mean for fund investors
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Ather Energy Q2 FY27 results: questions
When did Ather Energy announce Q2 FY27 results?
Ather Energy announced its Q2 FY27 results on 26 October 2026.
What was Ather Energy's Q2 FY27 net profit?
Net profit was ₹1.26 crore, against a loss of ₹154 crore a year earlier.
What was Ather Energy's Q2 FY27 revenue?
Revenue from operations was ₹1,464 crore, up 62.9% from a year earlier and up 20.3% from the previous quarter.
Other Q2 FY27 results
- Adani Green Energy Q2 FY27 results · 21 October 2026 · net profit +15.4% YoY
- Indian Hotels Q2 FY27 results · 21 October 2026 · net profit +22.7% YoY
- Ather Energy Q2 FY27 results · 26 October 2026 · net profit against a ₹154 crore loss a year earlier
All Q2 FY27 results in one place
Sources
- Ather Energy: Q2 FY27 standalone and consolidated results, 26 October 2026
- Ather Energy: Q2 FY27 press release, 26 October 2026
- Ather Energy: Q2 FY27 investor presentation, 26 October 2026
- Ather Energy: capacity addition at Hosur and Chhatrapati Sambhajinagar, 26 October 2026
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