Ather Cracks Profitability In Q2, But Can It Sustain The Momentum?
Ather Energy, a listed Indian electric vehicle company, reported its first quarterly profit (₹1.3 Cr) in Q2 FY27, reversing prior-year losses and achieving positive EBITDA margins of 4.9%. The company plans ₹122 Cr investment to expand factory capacity by 2.25 lakh units annually across Karnataka and Maharashtra facilities. CEO Tarun Mehta emphasized the profitability milestone is secondary to scaling production volumes and top-line growth.
Key points
- First quarterly profit and EBITDA-positive quarter for Ather
- ₹122 Cr capex planned to add 2.25 lakh units annual capacity
- Total installed capacity to reach 11.4 lakh units by Q2 FY28
- Contrasts with rivals like Ola Electric's profitability challenges
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