Now Reading: Ather Energy share price jumps 17% on Q2 net profit turnaround
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Ather Energy share price jumps 17% on Q2 net profit turnaround
The Story in Brief
Ather Energy shares surged as much as 17.6 per cent to an intraday high of ₹1,623 on the NSE on Monday, 26 October, after the electric scooter maker reported a consolidated net profit of ₹1.26 crore for the quarter ended September 2026, against a net loss of ₹154.07 crore in the same quarter last year. Revenue jumped 62.8 per cent to ₹1,464 crore from ₹899 crore, aided by a 42 per cent jump in volumes to 93,000 units, CNBC-TV18 reports.
Business Standard adds that in the preceding June quarter the company posted a net loss of ₹51.09 crore. The company raised capital of up to ₹1,300 crore through a QIP issue of 1.08 crore equity shares at ₹1,202 each, and an additional ₹200 crore via preferential shares. CNBC-TV18 reports the board approved capacity expansion at Hosur and Chhatrapati Sambhajinagar units, with investments of ₹58 crore and ₹64 crore respectively, to add 75,000 units and 1.5 lakh units per annum. The Hosur expansion is due by December 2026, and the Chhatrapati Sambhajinagar addition by Q2 of FY2028.
Indian Opinion Analysis
Both outlets lead with Ather Energy swinging to a net profit of ₹1.26 crore in Q2FY27, but they diverge in emphasis. Business Standard foregrounds the share price surge and trading details, while CNBC-TV18 leads with the EBITDA turnaround and margin figure, and adds the board-approved capacity expansion at Hosur and Chhatrapati Sambhajinagar, including investment amounts and completion timelines. The two sources agree on the net profit and revenue growth story, their differences are in supplementary operational details, with CNBC-TV18 providing more forward-looking notes on capex and volume growth. The volume figure of 93,000 units appears only in CNBC-TV18, while the fundraising via QIP and warrants is exclusive to Business Standard. Coverage is uniform straight reporting, each offering complementary operational and market angles. A concrete next step named by CNBC-TV18 is completion of the Chhatrapati Sambhajinagar capacity addition by the second quarter of FY2028.
Coverage: 2 sources, 2 neutral
Sources (2): business-standard.com (neutral report), cnbctv18.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
