Street View: Ather Energy's profit turnaround powers next leg of growth

Ather Energy

27/10/2026 05:34

** Indian e-scooter maker Ather Energy ATHR.NS reported its maiden profit on Monday and laid out its manufacturing capacity addition plans 
** Shares of Ather jumped 7.4% on the day after gaining 14.1% in the previous session

PROFITABILITY ARRIVES AS CAPACITY EXPANSION GATHERS PACE
** HSBC ("buy," PT: 1,800 rupees) says Ather delivers another positive surprise with EBITDA break-even despite commodity headwinds; raises target price and now expects PAT break-even in FY27
** CLSA ("outperform," PT: 2,000 rupees) says demand remains robust with bookings more than doubling, while capacity additions should ease bottlenecks and support growth; lifts earnings estimates and target price
** BofA Securities ("buy," PT: 1,900 rupees) says positive EBITDA arrived ahead of plan and sees upcoming capacity ramp-up and the Konarc launch as key catalysts for margin expansion and scale
** Nomura ("buy," PT: 2,070 rupees) says strong bookings, improving margins and higher capacity targets improve growth visibility; reaffirms Ather as its top two-wheeler pick and raises EBITDA forecasts
     

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com; 8800437922))