Ather Turns Profitable In Q2, Posts ₹1.3 Cr PAT

EV maker maker Ather Energy turned profitable in the September quarter of FY27, reporting a consolidated net profit of ₹1.3 Cr against a net loss of ₹154.1 Cr in the corresponding quarter last year.

The company had reported a net loss of ₹51.1 Cr in the preceding June quarter.

Operating revenue surged 62.9% to ₹1,464.2 Cr in Q2 FY27 from ₹898.9 Cr a year earlier. On a sequential basis, revenue increased 20.3% from ₹1,216.9 Cr.

Including other income of ₹62.7 Cr, Ather’s total income stood at ₹1,527 Cr during the quarter, compared with ₹940.7 Cr a year earlier.

While the company turned profitable, other income remained crucial to the outcome. Its operating revenue was ₹61.5 Cr lower than total expenses during the quarter.

The improvement follows Ather turning EBITDA positive in Q1 FY27, when it reported an EBITDA of ₹9 Cr while remaining in the red at the net level. 

Ather’s total expenses increased 39.4% to ₹1,526 Cr in Q2 FY27 from ₹1,094.7 Cr, growing slower than its operating revenue.

Alongside its earnings, Ather announced plans to add a combined 2.25 Lakh units of annual manufacturing capacity across its Hosur factory and its upcoming Factory 3.0 at Chhatrapati Sambhajinagar.

(The story will be updated soon)

The post Ather Turns Profitable In Q2, Posts ₹1.3 Cr PAT appeared first on Inc42 Media.