- Revenue from operations surged 89% year-on-year to ₹1,217 crore from ₹645 crore.
- Net loss narrowed to ₹51 crore, compared with a loss of ₹178 crore a year earlier.
- Shares surged nearly 18% to an intraday and 52-week high of ₹1,500 on August 4.
- Analysts hold a consensus buy, with target prices as high as ₹1,714 and ₹1,600.
- EBITDA loss fell to ₹33 crore from ₹134 crore, while adjusted gross margin rose 82.3% YoY to ₹282 crore.
- Demand remains robust, with bookings running at nearly 50,000 units a month against current production capacity of around 35,000 units.
- Management stated that demand for electric vehicles remains strong, supported by favourable government policies.
Ather Energy reported a remarkable 89% revenue growth in Q1FY27, reaching ₹1,217 crore, while narrowing its net loss to ₹51 crore from ₹178 crore a year earlier. The company's shares surged 18% to a record high of ₹1,500 on August 4, reflecting strong investor confidence.
Brokerage firms are optimistic, with CLSA maintaining an 'Outperform' rating and a target price of ₹1,600, citing an 81% YoY volume growth that outpaced the industry average of 68%. HSBC and Nomura also reiterated 'Buy' ratings, with target prices of ₹1,450 and ₹1,714 respectively, highlighting Ather as a preferred pick in the EV sector.
The company is currently experiencing robust demand, with 50,000 bookings monthly against a production capacity of 35,000 units. Management attributes this growth to favorable government policies and a shift in consumer sentiment towards electric vehicles. Ather's EBITDA loss narrowed to ₹33 crore, and the adjusted gross margin rose to 82.3% YoY, indicating improved profitability.
Ather Energy's shares have delivered over 266% returns in the past year and gained 96% year-to-date. The company's market capitalization reached ₹57,254 crore as of August 4, 2026, reflecting strong investor interest and confidence in its growth trajectory.
“Net loss narrowed 71% to ₹51 crore from ₹178 crore, with EBITDA loss shrinking to ₹33 crore from ₹134 crore and adjusted gross margin rising 82.3% YoY to ₹282 crore. CLSA sees capacity constraints easing with Factory 3.0, as bookings run near 50,000 units a month against current capacity of 35,000.”
CNBC TV18
