{
  "id": 114263,
  "title": "Ather’s Stellar Q1, Klassroom IPO Day 2 & More",
  "url": "https://urgent.news/2026/08/04/athers-stellar-q1-klassroom-ipo-day-2-more",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-04T02:30:16.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/athers-stellar-q1-klassroom-ipo-day-2-more/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Ather Turns A Corner Amid concerns of sliding EV two wheeler sales in India, Ather managed to sharply shrink its…",
  "key_points": [
    "Ather's net loss reduced by 71% to ₹51.1 Cr in Q1 FY27.",
    "Company achieved positive EBITDA with ₹9 Cr profit.",
    "Ather plans to double manufacturing capacity by Q3 FY27."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}