Business · Companies · 1 hr ago
Ather Energy reports first quarterly profit and plans capacity expansion
Ather Energy made a quarterly profit of ₹1.26 crore in the three months ending September, its first profitable quarter.
A year earlier, it had reported a loss of ₹154.1 crore.
The Indian electric two-wheeler maker’s revenue rose 63% to ₹1,464.2 crore, while vehicle sales increased 44% to 93,000.
Ather plans to invest ₹122 crore to expand production capacity at its Hosur plant in Tamil Nadu and a factory under construction in Chhatrapati Sambhajinagar, Maharashtra.
The expansion is expected to add 225,000 vehicles of annual capacity by Q2 FY28, taking total installed capacity to about 1.14 million a year.
The company says limited supply is holding back sales, and Hosur was at 98% capacity use during peak production.
Higher raw-material costs remain a challenge, so Ather will need to increase output and manage costs to sustain its progress.
Ather Energy reported a profit after tax of ₹1.26 crore for Q2 FY27, compared with a loss of ₹154.1 crore in Q2 FY26.
Revenue from operations rose 63% year on year to ₹1,464.2 crore.
Vehicle sales increased 44% to 93,000 units, and the company’s electric two-wheeler market share was 15.1%.
Ather plans to invest ₹122 crore to add 225,000 units of annual production capacity by Q2 FY28.
The expansion is planned across its Hosur plant and its Factory 3.0 under construction in Chhatrapati Sambhajinagar.
- Who
- Ather Energy, an Indian electric vehicle maker.
- What
- It reported a Q2 FY27 profit after tax of ₹1.26 crore as revenue rose 63%. It also announced plans to expand annual production capacity by 225,000 units.
- When
- Q2 FY27; the results and expansion plan were reported on October 26, 2026.
- Where
- At its Hosur plant in Tamil Nadu and Factory 3.0 in Chhatrapati Sambhajinagar, Maharashtra.
- Why
- Ather said the capacity additions would address demand and reduce supply-chain risk. Its CEO said supply, rather than demand, was a constraint on performance.
This story does not have two clearly opposing sides.
Ather reported profit after tax of ₹1.26 crore and revenue from operations of ₹1,464.2 crore.
Ather said its board had approved plans to add 225,000 units of annual production capacity by Q2 FY28.
The planned capacity additions are expected to bring Ather’s total installed annual capacity to approximately 1,140,000 units.
- Q2 FY27 profit after tax
- ₹1.26 crore
- Revenue growth
- 63% year on year, to ₹1,464.2 crore
- Vehicle sales
- 93,000 units, up 44% year on year
- Capacity expansion investment
- ₹122 crore
- Additional annual production capacity
- 225,000 units by Q2 FY28
- Hosur peak capacity utilisation
- 98%
5 sources
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Indian EV maker Ather turns profitable as revenue rises 63%
Ather reports ₹1.26 cr profit in Sep qtr, plans to further boost capacity
What people are saying
address demand scenarios and reduce supply-chain risk
Pre-orders are up 108%, registrations are up 60% and production is up 45%, all year on year