Ather’s Stellar Q1, Klassroom IPO Day 2 & More
Ather Turns A Corner Amid concerns of sliding EV two wheeler sales in India, Ather managed to sharply shrink its…
Ather, an electric vehicle manufacturer, improved its financial performance in Q1 of FY27, despite concerns about declining sales of electric two-wheelers in India. The company reported a significant reduction in losses, narrowing its net loss by 71% year-over-year to ₹51.1 Cr, and turning EBITDA positive with a profit of ₹9 Cr.
This improvement was driven by strong sales of 83,173 electric scooters, an 81% increase year-over-year, and a surge in high-margin revenue from software subscriptions, charging, accessories, and after-sales services. Ather's adjusted gross margin expanded by 82% year-over-year to ₹282 Cr, enabling the company to absorb fixed overheads and become more financially resilient amid commodity cost spikes.
Looking ahead, Ather plans to expand its manufacturing capacity with a new unit in Maharashtra, which is expected to start production in Q3 FY27, increasing its annual capacity to 14.2 Lakh units. The company also intends to launch a new scooter later this month to bolster market share and manufacturing efficiency.
Written by urgent.news from Inc42's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
