Bengaluru: Ather Energy’s shares have surged 15% in early morning trades on August 4, as the company witnessed an 88% rise in operational revenues to Rs.1,216 crores for the quarter ended June 30, 2026. With this, the company saw its net losses narrow to Rs.51.09 crores, a 71% decrease from last year.
The EV maker has significantly improved its EBITDA, from a loss of Rs.106 crore to a consolidated EBITDA of Rs.9 crore in Q1FY27, with its dispatches growing 81% to 83,173 units during the quarter. The company is looking to ramp up its manufacturing capacity to 42,000 units within the next 4-5 months, while adding manufacturing capacity for 60,000 units at its upcoming plants in Aurangabad and Hosur.
The Bengaluru-based company has seen strong growth in its EV two wheeler space, with demand rapidly shifting to EVs as they offer price parity with traditional ICE scooters. The company is all set to launch its new EV scooter for the mass market at an event in Bengaluru on August 29.
According to analysts, the Bengaluru comapny could become India’s premier two wheeler maker, earning market share beyond the 18% it already has, if its financial metrics continue to improve.
According to data from the BSE, Ather Energy surged nearly 18% to an interday high of Rs.1,500 per share on Tuesday, August 4, compared to Rs.1,272.70 at the previous equity market close.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.
