Ather Energy Q2 FY27: volumes up 42%, revenue up 63%, turns EBITDA positive at 4.9%; capacity to 1.14 Mn+ by Q2 FY28
Q2 FY27 revenue from operations up 63% to INR 1,464.24 Cr, 93k units (+42%), EBITDA margin 4.9% vs (-9.6%) a year ago.
By ScoutQuest · · 1 min read
- Revenue from operations
- up 63% to INR 1,464.24 Cr
- EBITDA margin
- 4.9% vs (-9.6%) a year ago; EBITDA INR 74.17 Cr vs (90.76) Cr
- Capacity expansion target
- 11.4L annual capacity by Q2 FY28; Rs 58 Cr in Hosur and Rs 64 Cr in AURIC Phase 1
- Period
- Q2 FY 27
- Positioning
- Ather presents itself as an electric two-wheeler maker with a 15.1% E2W market share, 15% non-vehicle revenue and a 94% AtherStack Pro attach rate.
📉 In Q2 FY27 revenue from operations rose 63% to INR 1,464.24 Cr and vehicles sold rose 42% to 93 thousand. EBITDA swung to INR 74.17 Cr from (90.76) Cr, a margin of 4.9% versus (-9.6%), and profit for the period was INR 1.26 Cr against a loss of (154.07) Cr.
🌍 Demand indicators rose faster than output: pre-orders up 108% to 180.3k and registrations up 60% to 92.6k, while E2W market share eased to 15.1% from 17.2% even as pan-India E2W penetration hit 11.2% in Q2 FY27.
🏭 Management states it is enhancing capacity at Hosur and AURIC Phase 1, with further investment of Rs 58 Crores in Hosur and Rs 64 Crores in AURIC Phase 1, targeting 11.4L annual capacity by Q2 FY28, and lists AURIC Phase 2 (to 16.4L) to follow.
📈 The company flags near-term commodity headwinds, citing aluminium up 35%, copper up 58% and plastics up 25%, plus memory chip shortages, while saying non-vehicle revenue (15%) and a 94% attach rate support margins.
Also from Ather Energy
CARE Ratings monitoring report: no deviation in IPO proceeds use; Factory 3.0 production start moved to December 2026
26 Oct 2026
Ather Energy files audio recording of Q2/H1 FY2026-27 earnings call held October 26, 2026
26 Oct 2026
Ather Energy Q2 FY27 EBITDA ₹74.2 crore at 4.9% margin; Konarc launched, Hosur and AURIC capacity expanded
26 Oct 2026
More numbers
- Revenue from operations, Q2 FY271,464.24 (INR Cr)
- Revenue growth, Q2 FY2763%
- EBITDA, Q2 FY2774.17 (INR Cr)
- EBITDA, Q2 FY26(90.76) (INR Cr)
- Profit for the period, Q2 FY271.26 (INR Cr)
- Total income, Q2 FY271,527 Cr
- EBITDA margin, Q2 FY274.9%
- Vehicles sold growth, Q2 FY2742%
- E2W market share, Q2 FY2715.1%
- Wholesale units, Q2 FY2793,211
- Hosur investmentRs 58 Crores
- AURIC Phase 1 investmentRs 64 Crores
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.