ALFA Finder| Management target | Revenue FY28 |
|---|
| Revenue growth | Wholesale volume up 81% YoY; Retail registrations up 102% YoY. |
|---|---|
| Margins | First positive EBITDA (0.8%); 22.4% Adjusted Gross Margin despite commodity hits. |
| Order book | 50,000 monthly preorders; dealer inventory down to 3 days. |
| Demand visibility | Strong; inquiries up 95%, preorders hit record 1.5 lakh in Q1. |
| Management confidence | Bullish on demand; war chest ready for fast-tracking AURIC Phase-2. |
Growth
Wholesale volumes grew 81% to 83k units; retail registrations grew 102% to 90k units YoY. Middle India retail sales grew 141%.
Outlook
Targeting 14.2 lakh annual capacity. EL platform launch this month; AURIC Phase-1 going live in Q3 FY27. ₹2,500 crore total fundraise.
Risks
Commodity cost escalation (index up 46% over 5 quarters) led to a 5.6% gross margin drop to 22.4% AGM.
Last quarter's promises, checked
Delivered
- Guided 35k/mo capacity utilization → delivered 90-95% (= BEAT)
- Guided 1500-1600bps EBITDA improvement → delivered 2000bps Q4 improvement (= BEAT)
- Guided 700 stores by March '26 → delivered 700 stores (= BEAT)
Partly delivered
- Guided EL launch by end of year → delivered unveiling Aug 29 / trials started (= PARTIAL)
- Guided first positive EBITDA in coming years → delivered ₹9cr (0.8%) in Q1 FY27 (= BEAT)
Missed
- Guided commodity costs to remain inflated → delivered 46% index spike hit Q1 margins (= MISS)
Investor Presentation filed with BSE, NSE: ATHERENERG. Summary written with AI assistance from the document.
Ather Energy Ltd: key numbers
- Share price
- ₹1,881.70
- Market cap
- ₹74,682 Cr
- Revenue (annual)
- ₹3,672 Cr
- Net profit (annual)
- ₹-517.2 Cr
- P/E (TTM)
- -318.9×Sector 32.5×
- Promoter holding
- 42.33%+1.61% QoQ
- FII holding
- 15.08%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Ather Energy Ltd
All →Ather Energy Other Announcement
Ather Energy filed a monitoring agency report on issue proceeds for the quarter ended September 2026. Factory 3.0 production is now expected in December 2026.
Ather Energy Earnings Call Transcript: Key Takeaways
Ather achieved its first-ever positive EBITDA and PAT quarter despite severe commodity inflation, driven by aggressive premium-tier pricing and the Rizta launch.
Ather Energy Investor Presentation: Key Takeaways
Q2 FY27: revenue ₹1,464 Cr (+63% YoY), PAT ₹1.26 Cr vs ₹(154) Cr loss a year ago, EBITDA 4.9%, adjusted gross margin 24.0%.
Ather Energy Results Update
Ather Energy reported Q2 FY27 results with 62% YoY revenue growth, its second EBITDA-positive quarter. It will invest ₹122 Cr to add 2.25 lakh units of annual capacity.
- annual production capacity
- 225000 units
Ather Energy Capacity Expansion: ₹122 Cr Investment
Ather Energy's board approved ₹122 Crore CAPEX to expand EV two-wheeler capacity at Hosur and Factory 3.0. Annual production rises by 225,000 units across both plants.
- Value
- ₹122.0 Cr
- electric two-wheeler manufacturing capacity
- 225000 units per annum
Ather Energy Q2 FY27 Results: Turns Profitable, Net Profit ₹1.3 Cr
Ather Energy Ltd reported revenue from operations of ₹1,464 Cr (+62.9% YoY) and net profit of ₹1.3 Cr for Q2 FY27.
- Key figure
- Net profit ₹1.3 Cr