Ather Energy has announced its first-ever positive EBITDA quarter, reporting a ₹9 crore profit for Q1 FY27. This milestone was achieved amidst a significant surge in demand, with wholesale volumes growing 81% year-on-year to 83,000 units and registrations up 102%. The company is also preparing for the launch of its new EL scooter platform and expanding manufacturing capacity to meet growing market needs.
Ather Energy Achieves First Positive EBITDA Quarter
Ather Energy has reached a significant financial milestone, reporting its first-ever positive EBITDA quarter. The company posted an EBITDA of ₹9 crore for the first quarter of fiscal year 2027 (Q1 FY27), representing approximately 0.8% of revenue. This achievement comes despite ongoing commodity cost pressures and highlights the company’s strong operational performance and cost management.
Robust Demand and Volume Growth
The strong financial results were underpinned by exceptional demand and volume growth. Wholesale volumes saw an increase of 81% year-on-year, reaching 83,000 units in Q1 FY27, up from 46,000 units in Q1 FY26. Retail registrations were even sharper, growing by 102% year-on-year to over 90,000 units in Q1 FY27, compared to 44,900 units in the previous year. Inquiries for Ather products also surged by 95%.
New Product Launch and Capacity Expansion
Looking ahead, Ather Energy is gearing up for the launch of its new EL scooter platform, with production trials already underway. The company is scaling up its manufacturing capacity, with its Hosur facility operating at near 100% utilization. A new factory in Aurangabad is on track for a late 2026 go-live, which will significantly boost total production capacity to 9.2 lakh units per annum, with potential further expansion to 14.2 lakh units.
Financial Performance Highlights
Despite a commodity cost increase of approximately 46% over the last five quarters, Ather managed its gross margins effectively through price hikes and improved SKU management. The average selling price (ASP) for Ather vehicles increased to approximately ₹1.61 lakh by June 2026. The company has also secured significant funding, including a ₹1,300 crore QIP closure and a pending ₹1,200 crore preference issue, to support capacity expansion and new product development.
Industry Tailwinds
Tarun Mehta, Executive Director & CEO, highlighted several macro shifts driving the EV industry, including government policy support, increasing consumer confidence, and growing concerns about petrol and diesel availability. These factors are contributing to a surge in EV demand and a positive outlook for the sector.
Source: BSE
