Ather Energy shares jump nearly 14 pc post Q2 earnings

New Delhi, Oct 26 (PTI) Shares of electric vehicle maker Ather Energy on Monday jumped nearly 14 per cent after the company reported a profit after tax of Rs 1.26 crore for the September quarter.

The stock zoomed 13.74 per cent to settle at Rs 1,574 on the BSE. During the day, it surged 18.78 per cent to Rs 1,643.85.

On the NSE, the stock soared 14.13 per cent to close at Rs 1,575.

The automaker reported a consolidated profit after tax of Rs 1.26 crore for the September quarter, compared with a loss of Rs 154 crore in the year-ago quarter. “EBITDA stood at Rs 74.2 crore, marking Ather’’s second consecutive EBITDA-positive quarter, despite elevated commodity costs,” the company said in a press release on Monday.

Revenue from operations during July-September

rose 63 per cent year-on-year to Rs 1,464.2 crore from Rs 898.9 crore in the year-ago period.

Its vehicle sales jumped 44 per cent to 93,000 units during the quarter from 66,000 units last year.

Ather’s non-vehicle revenue, which primarily comes from AtherStack Pro, Ather Grid, accessories, spares and service, increased to 15 per cent of its revenue from operations, against 12 per cent in the year-ago period. The company said 94 per cent of its customers opt for AtherStack Pro.

According to an exchange filing, the automaker will raise annual capacity at Hosur to 4.95 lakh units from 4.20 lakh units, while at Factory 3.0, under construction at Chhatrapati Sambhajinagar, it will increase planned annual capacity to 6.50 lakh units from 5 lakh units.

These capacity additions will take Ather Energy’s total installed annual capacity to approximately 11.4 lakh units by the second quarter of the financial year 2028. Ather has earmarked Rs 122 crore for the expansion, with Rs 58 crore for Hosur and up to Rs 64 crore for Factory 3.0. The company will fund the investments through a combination of debt and internal accruals. PTI SUM SUM VHI

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