Ather Energy shares skyrocket 19% after EV maker swings to Rs 1.26 crore profit in Q2

The EBITDA margin stood at 0.77%.Ather Energy's consolidated Adjusted Gross Margin (AGM) improved by 160 basis points (bps) YoY to 24% during the quarter, despite elevated input costs for aluminium, copper, lithium and crude-linked plastics.The company attributed the improvement to a favourable product mix, pricing decisions and other measures, which helped support margins despite continued pressure from commodity costs.0 in Chhatrapati Sambhajinagar, Maharashtra."we wish to inform you that the Board at the meeting held today, i.e., October 26, 2026, has considered and approved proposals for the enhancement of manufacturing capacity at the Company’s factories located at Hosur, Tamil Nadu and Chhatrapati Sambhajinagar, Maharashtra (Factory 3.0- under construction).

Capital Expenditure (CAPEX) of approximately Rs 122 Crore (including taxes) has been earmarked for the said expansion," said Ather Energy. The proposed investment will increase the annual production capacity of electric two-wheelers at the Hosur facility from 420,000 units to 495,000 units. At Factory 3.0, which is under construction, planned annual production capacity will rise from 500,000 units to 650,000 units.Management commentary Commenting on the quarterly performance, Tarun Mehta, co-founder and CEO of Ather Energy, said the company delivered strong revenue growth and a positive bottom line despite surging commodity prices and supply chain disruptions.“We delivered a strong quarter, with robust topline growth and a positive bottomline, despite surging commodity prices and supply chain disruptions.

Underpinning this is a shift to electric two-wheelers that is now structural and playing out across India. At Ather, demand has more than doubled year-on-year this quarter, and to meet it, we are further augmenting our production capacity at Hosur and AURIC. With Konarc taking Ather to a wider set of customers, we see significant headroom for growth ahead,” Mehta said.Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser.

Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution.

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