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Ather Energy Turns Profitable in Q2, Stock Surges!
26 Oct
Summary
- Ather Energy reported a turnaround in Q2 earnings, posting a net profit.
- The company's consolidated total income surged by 62.3% year-on-year.
- Ather Energy raised significant capital through QIP and preferential issues.
Ather Energy's stock experienced a significant jump of 17.6% on the National Stock Exchange, reaching an intraday high of ₹1,623. This surge followed the company's announcement of a turnaround in its Q2 earnings for the period ending September 2026.
The electric scooter manufacturer reported a net profit of ₹1.26 crore, a remarkable shift from a net loss of ₹154.07 crore in Q2 2025. This profitable quarter contrasts sharply with a net loss of ₹51.09 crore in the preceding June 2026 quarter.
Further bolstering its financial standing, Ather Energy's consolidated total income rose by 62.3% year-on-year to ₹1,526.95 crore in Q2 FY27. The company also successfully raised substantial capital during the quarter. This included ₹1,300 crore via a Qualified Institutions Placement and ₹200 crore through a preferential issuance of equity shares.
Additional funds were raised through the issuance of convertible warrants for ₹1,000 crore on a preferential basis. A portion of the warrant issue price was received at the time of subscription, with the balance due within 18 months.
