Ather Energy Stock Surges 20% in Two Days After First Profit

Business Standard Markets · stocks

Ather Energy's stock price surged by 20% over two trading days, reaching ₹1,660 on the BSE. This rally follows the electric vehicle maker's announcement of its first-ever profit after tax (PAT) of ₹1.26 crore for the second quarter of FY27. The company also approved plans to increase annual production capacity by an additional 225,000 units by Q2FY28. Vehicle sales volume grew 42% year-on-year, and total operating income rose 63% to ₹1,464 crore, demonstrating strong market demand.