Ather Energy, India's leading electric two‑wheeler maker, announced a net profit of ₹1.26 crore for the quarter ended September 30, 2026, a sharp turnaround from the ₹154 crore loss recorded in the same period last year. The company had reported a net loss of ₹51 crore in the preceding quarter. The profit reflects strong revenue growth and improved operational efficiency during the second quarter of the current financial year.

Revenue from operations surged 63% to ₹1,464 crore, up from ₹899 crore in the same period last year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) turned positive at ₹11.42 crore, compared with an EBITDA loss of ₹132 crore a year earlier. The EBITDA margin stood at 0.80%, signalling a narrowing of operating losses.

The board approved a capital expenditure plan of approximately ₹122 crore to expand manufacturing capacity at the Hosur, Tamil Nadu, and Chhatrapati Sambhajinagar, Maharashtra, factories. The Hosur plant will increase its annual production capacity from 4,20,000 units to 4,95,000 units, while Factory 3.0 will grow from 5,00,000 units to 6,50,000 units. The expansion aims to meet rising demand for electric two‑wheelers.

During the quarter and half‑year ended September 30, 2026, Ather Energy raised ₹1,300 crore through a qualified institutions placement, issuing 1.08 equity shares at an issue price of ₹1,202 each. Additionally, the company secured ₹200 crore by issuing 16.26 lakh shares at ₹1,230 per share on a preferential basis. These capital raises support the company’s growth and expansion plans.

Following the earnings announcement, Ather Energy shares attracted significant buying interest, rising 15% to an intraday high of ₹1,587. The stock outperformed the NIFTY Smallcap 100 index, which was up 1.35% during the same period. The surge reflects investor confidence in the company’s profitability and expansion strategy.