{
  "id": 16695725,
  "title": "Ather Turns Profitable, Paytm Q2 PAT Rockets & More",
  "url": "https://urgent.news/2026/10/27/ather-turns-profitable-paytm-q2-pat-rockets-more",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-27T02:30:20.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/ather-turns-profitable-paytm-q2-pat-rockets-more/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Ather’s Profit Milestone Meets A Manufacturing Crunch Electric two-wheeler maker Ather Energy turned its maiden profit in Q2 FY27, and…",
  "key_points": [],
  "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."
}