The Quick Take
Ather Energy reported Q2 FY27 revenue of Rs 899 Crore, up 57% year over year, and a net loss of Rs 154 Crore, narrowing as scale builds. Management guides to EBITDA breakeven in two to three quarters.
Key Figures
| Metric | Figure | Basis |
|---|---|---|
| Q2 FY27 revenue | Rs 899 Cr | reported, +57% YoY |
| Q2 FY27 net loss | Rs 154 Cr | reported |
| Operating margin | -17.1% | improving 700 bps YoY |
| Average selling price | Rs 1.2 to 1.3 lakh | stable |
Outlook
- FY27 revenue growth 50 to 60%; FY27 net loss Rs 400 to 500 Cr.
- Capacity scaling to 2,00,000+ units a year.
Risks
- Battery cost volatility and competition.
- EV subsidy phase-out.
- Breakeven timing could slip.
Stance
High-growth EV profitability play; FY27 total return range -20% to +20%, per the report.
Educational purposes only, not investment advice. Do your own research before investing.
Sources: Company Q2 FY27 results (as cited in the report).
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