Ather Turns Profitable, Paytm Q2 PAT Rockets & More

Ather Energy turned its first-ever profit in Q2 FY27, but faces growing demand exceeding production capacity. Sales of scooters rose 42% year-over-year to 93,211 units, and net profit reached ₹1.3 Cr, up from a loss of ₹154.1 Cr in Q2 FY26. Operating revenue climbed 62.9% to ₹1,464.2 Cr, with other income covering the ₹61.5 Cr difference between revenue and expenses.

Ather plans to invest ₹122 Cr to expand its manufacturing capacity by 2.25 Lakhs units annually, with ₹64 Cr earmarked for Factory 3.0 in Maharashtra to increase its capacity by 1.5 Lakhs units and add a new battery line. However, the company is losing 18,000-20,000 units in demand monthly due to supply shortages at its Hosur plant, which currently operates at 98% capacity.

Meanwhile, fintech giant Paytm reported a staggering Q2 FY27 net profit of ₹225 Cr, a 10.7X increase from ₹21 Cr a year ago, as its operating revenue grew 28% year-over-year and 8% quarter-over-quarter to ₹2,648 Cr. Other noteworthy updates include Imarticus, an edtech startup, planning a ₹1,000 Cr IPO; Unacademy cofounders Gaurav Munjal and Roman Saini raising ₹700 Cr for early-stage AI and deeptech startups; AI venture Provision Labs, launched by former Pronto founder Anjali Sardana to collect real-world data for AI training; and China-based contract manufacturer Aequs posting a widened net loss of ₹52.4 Cr in Q2 FY27.