Ather Energy Achieves Profitability In Q2 FY27 With ₹1.3 Cr Net Profit

Inc42 · startup

Electric vehicle manufacturer Ather Energy has reported a profitable second quarter for FY27, posting a consolidated net profit of ₹1.3 crore. This marks a significant turnaround from a net loss of ₹154.1 crore in the same quarter last year and a loss of ₹51.1 crore in the preceding June quarter. Operating revenue saw a substantial increase of 62.9% year-on-year, reaching ₹1,464.2 crore. The company also announced plans to expand its manufacturing capacity by 2.25 lakh units across its Hosur factory and the upcoming Factory 3.0 in Chhatrapati Sambhajinagar.