Ather Energy posts first quarterly profit, shares rise 10% (updated)

Ather Energy

26/10/2026 10:07

Adds details throughout
Oct 26 (Reuters) - Indian electric scooter maker Ather Energy ATHR.NS reported its first quarterly profit on Monday, sending its shares up 10%. 
The Rizta scooter maker posted second-quarter net profit of 15 million rupees ($157,546.48), compared with a loss of 1.54 billion rupees a year earlier.
       
 Here are some details:
Revenue rose 62.9% to 14.64 billion rupees in the quarter through September 30
The company said margin expansion was mostly driven by its product mix and pricing decisions despite a high input-cost environment
Ather plans to add annual capacity of 75,000 units at its Hosur, Tamil Nadu, plant in December and 150,000 units at its Chhatrapati Sambhajinagar, Maharashtra, plant in the second quarter of fiscal 2028
The Hosur expansion includes a 530 million rupee investment in a new battery line to diversify the company's supply chain
Ather, along with other Indian automakers, faces high raw material costs due to Middle East war-driven supply chain disruptions 
High fuel prices and concerns over India's nationwide rollout of E20 petrol, which contains 20% ethanol, have supported adoption of EVs, including Ather's scooters
Demand outpaced available production capacity, with Hosur operating at 98% capacity utilisation, Ather said 
The company launched its new Konarc scooter this quarter, featuring a platform that is easier to scale up and more efficient to manufacture
     
($1 = 95.2100 Indian rupees)

 (Reporting by Puyaan Singh in Bengaluru; Editing by Ronojoy Mazumdar)
 ((Puyaan.Singh@thomsonreuters.com;))