Ather Turns Profitable In Q2, Posts ₹1.3 Cr PAT
EV maker maker Ather Energy turned profitable in the September quarter of FY27, reporting a consolidated net profit of ₹1.3…
Ather Energy, an electric vehicle manufacturer, posted a profit of ₹1.3 crore in the September quarter of FY27, marking a turnaround from a net loss of ₹154.1 crore in the same period last year. This marks the first time the company has been profitable in the last three quarters. Revenue for the quarter soared 62.9% year-over-year to ₹1,464.2 crore, up from ₹898.9 crore in the prior year.
Sequentially, revenue grew 20.3% to ₹1,216.9 crore. Other income of ₹62.7 crore contributed significantly to total income of ₹1,527 crore, while total expenses rose 39.4% to ₹1,526 crore. Despite the profit, operating revenue was ₹61.5 crore below total expenditures. The company plans to expand manufacturing capacity by adding 2.25 lakh units annually at its Hosur factory and 1.5 lakh units by 2028 at Factory 3.0. The investments, totaling ₹122 crore, will help meet growing business demand.
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