Ather Energy Turns Profitable in Q2 FY27 as Revenue Jumps 63% to Rs 1,464 Cr

EV two-wheeler maker Ather Energy reported a consolidated net profit of Rs 1.3 Cr in Q2 FY27, marking a sharp turnaround from a net loss of Rs 154.1 Cr in the same quarter last year. Revenue from operations rose 62.9% YoY to Rs 1,464.2 Cr, supported by higher vehicle sales and growing demand for its electric scooters.

The Bengaluru-based company’s results for the quarter ended September 30, 2026, mark a significant improvement from the Rs 51.1 Cr net loss recorded in Q1 FY27. However, the return to profitability at the net level was narrow, and other income played an important role in the outcome.

Ather’s operating performance also improved, with EBITDA turning positive. The results suggest that higher revenue and better cost absorption are helping the company move towards sustainable profitability, although maintaining that position will depend on margins, input costs and continued demand growth.

Ather Energy Q2 FY27 Results: Key Numbers

Revenue from operations increased by 62.9% YoY and 20.3% compared with Q1 FY27. Total expenses rose 39.4% YoY to Rs 1,526 Cr slower than revenue growth, helping narrow the gap between income and costs.

Ather Plans 2.25 Lakh Units of Additional Annual Capacity

Alongside the results, Ather’s board approved capacity additions at its Hosur plant in Tamil Nadu and its under-construction Factory 3.0 in Chhatrapati Sambhajinagar, Maharashtra.

The combined expansion will add 2.25 lakh units of annual capacity. The Hosur investment includes Rs 53 crore for a new battery line, which Ather expects to complete by Q3 FY28. The company plans to fund the capacity additions through a mix of debt and internal accruals.

The move signals that Ather is preparing for higher production volumes even as it works to make its profits more consistent. The Hosur plant was operating at 98% of capacity at peak production, according to the company’s filing.

Founders Tarun Mehta and Swapnil Jain Face the Next Test

Ather Energy was founded in 2013 by Tarun Mehta, CEO, and Swapnil Jain, CTO, who built the company around in-house engineering, electric scooters and charging infrastructure.

The latest results are an important milestone for the founders, but the Rs 1.26 crore quarterly profit is small relative to revenue of Rs 1,464 crore. Other income of Rs 62.71 crore helped lift total income above expenses, so sustained operating profitability remains the more important test.

For the first half of FY27, Ather reported a consolidated loss of Rs 49.83 crore, compared with Rs 332.30 crore in the corresponding period last year. The reduction in losses, alongside higher revenue, indicates a significant improvement in its financial performance.

The next phase will depend on whether Ather can maintain sales momentum, manage manufacturing costs and use its expanded capacity efficiently. The company’s results point to progress, but consistent profits over several quarters will provide a clearer measure of the turnaround.

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