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Ather Energy Limited Q2 FY27 earnings call summary

NSE: ATHERENERG · BSE: 544397

Earnings call of 26 Oct 2026, summarised by AI from the filing.

Ather Energy reported its first positive PAT in Q2 FY27 with EBITDA margin at 4.9%, and approved capacity expansion to 11.4 lakh units by Q2 FY28.

Key takeaways

  1. First PAT Business hit positive PAT for the first time; EBITDA margin 4.9% (Q2 FY26: minus 9.6%), a 1,450 bps improvement.
  2. Capacity Board approved expansion to 11.4 lakh units installed capacity by Q2 FY28, from 9.2 lakh units.
  3. Konarc Konarc launched in phased manner; SR1 entry variant by Q4, with capacity expansion built on its demand.
  4. Commodities Commodity inflation a 9.4% hit to gross margins, worse than estimated a quarter ago.

Original filing on BSE

Ather Energy Limited Q2 FY27 results

As filed: Revenue ₹1,464 cr (+63% year on year), EBITDA ₹11.6 cr, PAT ₹1.5 cr, EBITDA margin 0.8% (+1,000 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q1 FY27: Revenue ₹1,217 cr (+89% year on year), EBITDA −₹33.1 cr, PAT −₹50.9 cr, EBITDA margin -2.7% (+1,000 bps). Score 45 of 100, In line with trend. EBITDA margin rose 1000 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: +33.8% in 30 days (Nifty 500: −1.0%).
  • Q4 FY26: Revenue ₹1,175 cr (+74% year on year), EBITDA −₹69.6 cr, PAT −₹100 cr, EBITDA margin -5.9% (+1,000 bps). Score 45 of 100, In line with trend. EBITDA margin rose 1000 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: +9.3% in 30 days (Nifty 500: −1.0%).
  • Q3 FY26: Revenue ₹954 cr, EBITDA −₹72.0 cr, PAT −₹84.6 cr, EBITDA margin -7.6%. Not scored. No result for the same quarter last year. Share price after the results: +15.6% in 30 days (Nifty 500: −1.9%).
  • Q2 FY26: Revenue ₹899 cr, EBITDA −₹132 cr, PAT −₹154 cr, EBITDA margin -14.7%. Not scored. No result for the same quarter last year. Share price after the results: +3.0% in 30 days (Nifty 500: −0.8%).
  • Q1 FY26: Revenue ₹645 cr, EBITDA −₹134 cr, PAT −₹178 cr, EBITDA margin -20.8%. Not scored. No result for the same quarter last year. Share price after the results: +44.1% in 30 days (Nifty 500: +0.8%).
  • Q4 FY25: Revenue ₹676 cr, EBITDA −₹172 cr, PAT −₹234 cr, EBITDA margin -25.4%. Not scored. No result for the same quarter last year. Share price after the results: +3.9% in 30 days (Nifty 500: +7.7%).

Past price moves after results do not indicate future moves. Not a recommendation.

Ather Energy Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.