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Ather Energy Ltd

Q2 FY27Automobiles

Ather Energy Q2 Results 2026 (FY27): Revenue ₹898.88 Cr, PAT ₹1.26 Cr

Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.

Price₹1,380
Market cap₹54.7K Cr
Updated26 Oct 2026
Read3 min read

Ather Energy Ltd Q2 FY27 key numbers

Revenue
Revenue from operations in Q2 FY27: ₹898.88 Cr; +54% YoY.

As stated in Ather Energy Ltd's Q2 FY27 investor presentation · published 26 Oct 2026. Reported figures, not investment advice.

Based on Ather Energy Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

The short version

Vehicles sold in Q2 FY27: 66,000 units; +67% YoY (Q2 FY26: 42,000 units approx.) - Revenue from operations in Q2 FY27: ₹898.88 Cr; +54% YoY - Total Income reported at ₹1,527 Cr with +62% YoY growt EBITDA Q2 FY27: ₹74.17 Cr - EBITDA Margin Q2 FY27: 5% (approximate from EBITDA portion in KPI table) - EBITDA YoY Change: Improvement of ~1,450 bps YoY (Q2 FY26 EBITDA Margin was negativ

From Ather Energy Ltd's Q2 FY27 earnings-call transcript · updated 26 Oct 2026.

Revenue & Sales Performance

  • Vehicles sold in Q2 FY27: 66,000 units; +67% YoY (Q2 FY26: 42,000 units approx.)
  • Revenue from operations in Q2 FY27: ₹898.88 Cr; +54% YoY
  • Total Income reported at ₹1,527 Cr with +62% YoY growth (Page 39)
  • EBITDA margin improved to 4.9% in Q2 FY27, +1,450 bps YoY
  • E2W (electric two-wheeler) market share at 17.2% in Q2 FY27, up from 15.1% in Q2 FY26
  • Revenue per 2W vehicle sold increased +14.6% YoY to ₹1,57,089
  • Wholesale volume growth: 93,211 units in Q2 FY27; +42% YoY

2 more points from Ather Energy Ltd's call on revenue

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Profitability & Margins

  • EBITDA Q2 FY27: ₹74.17 Cr
  • EBITDA Margin Q2 FY27: 5% (approximate from EBITDA portion in KPI table)
  • EBITDA YoY Change: Improvement of ~1,450 bps YoY (Q2 FY26 EBITDA Margin was negative around -9.6%)
  • Operating Margin/Adjusted Gross Margin Q2 FY27: 24%
  • Adjusted Gross Margin YoY Change: +160 bps YoY
  • Profit / (Loss) for the period (PAT) Q2 FY27: ₹1.26 Cr
  • PAT Margin Q2 FY27: ~0% (less than 0.5%)

2 more points from Ather Energy Ltd's call on margins

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Capital Expenditure Plans

  • Auric Phase 1 Capacity Enhancement:
  • Investment: Rs 64 Crores
  • Status: Ongoing to capture surge in demand (Pages 28-30)
  • Monthly capacity increased to 42k units (Page 30)
  • Timeline: Current and ongoing enhancements through Q4 FY27 and Q3 FY28 (Page 29-30)
  • Hosur Plant Capacity Enhancement:
  • Investment: Rs 58 Crores
  • Status: Ongoing to capture surge in demand (Pages 29-30)
  • Monthly capacity increased, aiming for 35k units by Q4 FY27 (Page 30)
  • Factory 3.0 (New Plant):
  • Status: On track for Q3 FY27
  • Includes Battery Assembly Line, Paint Shop, Vehicle Assembly Line (Page 38)

2 more points from Ather Energy Ltd's call on capex

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Top-ranked in Automobiles

Ranked on what management guided this quarter

Guidance-ranked
1Zelio E-Mobility Ltd
Rev 1Mar 3
2M & M
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Ather Energy Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • The presentation mentions "Demand is Pre Orders" based on Ather internal data (Page 38).
  • Monthly average Pre-Orders have been reported as:
  • 20k in Q2 FY 26
  • 33k in Q2 FY 27 (note on Pages 27 and 28)

2 more points from Ather Energy Ltd's call on order book

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Ather Energy Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹1.5K Cr, net profit ₹2 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Ather Energy Ltd's management said in earlier quarters

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  • Hyundai Motor India Ltd (Q2 FY27)

    Q2 FY27 Revenue: ₹206,961 Mn, YoY increase of 9.3% (Page 16) . Key investor presentation takeaways from Hyundai Motor India Ltd's Q2 FY27 investor presentation

  • TVS Motor Company Ltd (Q2 FY27)

    17,103 Crores, up 44% from Rs. Key investor presentation takeaways from TVS Motor Company Ltd's Q2 FY27 investor presentation — and how it ranks against sector

  • Maruti Suzuki India Ltd (Q2 FY27)

    Q2 FY’27 Sales Volume: 696,654 units, up 26.5% YoY (from 550,874 in Q2 FY’26) . Key investor presentation takeaways from Maruti Suzuki India Ltd's Q2 FY27 inves

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Frequently Asked Questions

What were Ather Energy Ltd Q2 FY27 results?

Vehicles sold in Q2 FY27: 66,000 units; +67% YoY (Q2 FY26: 42,000 units approx.) - Revenue from operations in Q2 FY27: ₹898.88 Cr; +54% YoY - Total Income reported at ₹1,527 Cr with +62% YoY growt EBITDA Q2 FY27: ₹74.17 Cr - EBITDA Margin Q2 FY27: 5% (approximate from EBITDA portion in KPI table) - EBITDA YoY Change: Improvement of ~1,450 bps YoY (Q2 FY26 EBITDA Margin was negativ

What is Ather Energy Ltd share price analysis?

Ather Energy Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹54,747 Cr. Investors should review the full earnings analysis for detailed insights.

Is Ather Energy Ltd planning capital expenditure?

Auric Phase 1 Capacity Enhancement: - Investment: Rs 64 Crores - Status: Ongoing to capture surge in demand (Pages 28-30) - Monthly capacity increased to 42k units (Page 30) - Timeli

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.