India's Ather Energy jumps after posting first quarterly profit

Ather Energy

26/10/2026 09:26

** Ather Energy ATHR.NS shares rise over 13% to about 1,568 rupees after electric two-wheeler maker posts first-ever quarterly profit
** Q2 standalone profit at 15 million rupees ($157,546.48) vs loss of 1.54 billion rupees last year
** Revenue from operations at 1.46 billion rupees vs 899 million rupees last year
** Proposes capacity expansion of 225,000 units per year at Hosur and Chhatrapati Sambhajinagar factories combined
** To invest 580 million rupees in Hosur and 640 million rupees in Chhatrapati Sambhajinagar 
** All 13 brokerages covering the stock rate it "buy"; their median PT is 1,850 rupees - LSEG-compiled data
** YTD, ATHR up 83% as per last close 
($1 = 95.2100 Indian rupees)

(Reporting by Aishwarya Jain in Bengaluru)
((Aishwarya.Jain@thomsonreuters.com;))