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Ather Energy (ATHERENERG) investor relations material
Ather Energy Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Vehicles sold rose 42% YoY to 93k, registrations increased 60% to 92.6k, and production grew 45% to 98.4k units.
Q2 FY27 revenue from operations reached ₹1,464.24 crore; consolidated net profit was ₹1.26 crore versus a ₹154.07 crore loss in Q2 FY26.
EBITDA margin reached 4.9%, while adjusted gross margin faced commodity-cost pressure.
Demand and the phased Konarc rollout are driving capacity expansion, with installed annual capacity targeted at 1.14 million units by Q2 FY28.
Financial highlights
Revenue from operations was ₹1,464.24 crore, up 63% YoY; total income was ₹1,527 crore, up 62%.
Q2 FY27 net profit was ₹1.26 crore versus a ₹154.07 crore loss in Q2 FY26; H1 FY27 revenue was ₹2,681.16 crore and net loss was ₹49.83 crore.
EBITDA was ₹74.17 crore versus negative ₹90.76 crore in Q2 FY26; EBITDA margin improved to 4.9% from negative 9.6%.
Adjusted gross margin was 24%, up 1.6 percentage points QoQ; the 9.4% commodity impact was partly offset by 5.3% structural gains and 2.7% SKU management.
Weighted average ex-showroom price rose to ₹164,000 in Q2 FY27 from ₹150,000 in Q4 FY26, including AtherStack Pro Pack sales.
Outlook and guidance
Installed annual capacity is targeted to rise from 9.2 lakh to 11.4 lakh units by Q2 FY28, with staged additions at Hosur and AURIC.
Hosur expansion adds 6,000 units/month later in Q2 FY27; AURIC Phase I adds 42,000 units/month, with CapEx installation expected by Q4 FY27 and ramp-up over two quarters.
Factory 3.0 in Chhatrapati Sambhajinagar is on track for Q3 FY27; its proposed 150,000-unit annual capacity addition is expected in Q2 FY28.
Dealer-network expansion is set to restart from quarter-end, with additions expected in Q4; Konarc rollout will proceed by variant and geography.
No further price hikes are planned in Q3; current prices are expected to hold for a while, while commodity costs remain volatile.
- Losses widened to INR 10,597 million on flat revenue, with strong unit growth and new funding.ATHERENERG
Q4 23/24 - Revenue surged, losses narrowed, and positive EBITDA enabled major expansion and new launches.ATHERENERG
Q1 26/27 - FY26 delivered record growth, margin gains, and expansion, with IPO funds supporting future capacity.ATHERENERG
Q4 25/26 - Q3 FY26 saw 50% unit growth, 25% gross margin, and 18.8% market share, with IPO proceeds boosting capital.ATHERENERG
Q3 25/26 - Units sold up 42% YoY, gross margin at 19%, and IPO and manufacturing expansion completed.ATHERENERG
Q4 24/25 - Q1 FY26 saw 97% YoY volume growth, 23% gross margin, and a successful IPO.ATHERENERG
Q1 25/26 - 67% YoY unit growth, 22% margin, record sales, and IPO cash; supply chain hit revenue.ATHERENERG
Q2 25/26
Next Ather Energy earnings date
Next Ather Energy earnings date
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