Ather Energy Shares Jump 8% After HSBC, Nomura Raise Price Targets
Electric two-wheeler maker Ather Energy's shares jumped after reaching profitability in Q2 FY27 with a consolidated net profit of ₹1.3 Cr, compared to a ₹154.1 Cr loss a year earlier. Analysts HSBC and Nomura raised their price targets, citing better-than-expected EBITDA margins and strong bookings driven by the new Konarc scooter launch. The company added record operational capacity during the quarter, demonstrating strong growth momentum.
Key points
- Achieved maiden profitability in Q2 FY27 with ₹1.3 Cr net profit
- EBITDA margins beat estimates, prompting analyst target hikes
- Konarc scooter launch driving bookings and growth visibility
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