Ather Energy shares surged 18% to a record high after the company reported a sharp reduction in its Q1FY27 net loss and an 89% year-on-year jump in revenue. The EV maker also posted positive EBITDA, driven by higher sales, improved operating efficiency and strong demand. Investors cheered the company's improving profitability outlook, expanding production capacity and robust EV growth prospects.
The stocks of Ather Energy rose by 18% on Tuesday, August 4, as a result of improved financial performance of the company in Q1FY27. On the NSE, the stocks touched a 52-week high level of ₹1,500 against the closing price of ₹1,272.70. At 9:35 AM, the stocks were trading at ₹1,452.10, while there was also an increase in trading volumes, and 9.25 million stocks were traded by 9:32 AM.
Since the listing of Ather Energy in May last year, the stocks of the company have been performing quite well. In 2025, Ather Energy stocks rose by 152%, and on a year-to-date basis, they were up by 97%.
Q1FY27 Loss Narrows Sharply, Revenue Jumps 89%
Ather Energy reported a consolidated net loss of ₹51.1 crore for the quarter ended June FY27, which is much better than its consolidated net loss of ₹178 crore in the corresponding quarter of last year. This is due to higher volumes, improved operational efficiency, effective pricing policies, and improved non-vehicle revenues.
The company witnessed growth in its revenue from operations by 89% year-on-year to ₹1,217 crore, compared to ₹645 crore in Q1FY26.
It also witnessed considerable improvement on the operating front, where the consolidated EBITDA was positive at ₹9 crore, compared to a negative EBITDA of ₹106 crore in Q1FY26. Its EBITDA margin was -2.7%.
Why Ather Energy Stock Surged After the Event
The stock rebounded on the back of the strong demand momentum exhibited in the company’s quarterly performance, better margins, and narrower losses. Investors reacted well to the scaling up capability and approaching profitability of the company.
Ather believes that the demand for electric vehicles will remain healthy owing to the favorable government policies and cost of ownership advantages enjoyed by EVs relative to traditional vehicles. The company noted that it was experiencing a 95% rise in customer inquiries to 707,000 and a 158% increase in pre-orders to 150,000 relative to the previous year.
Management indicated that Ather was currently getting 236,000 inquiries and 50,000 bookings monthly, and that demand is currently outstripping supply at the moment.
The company expects supply constraints to ease in the coming quarters with the launch of Factory 3.0 that will produce up to 500,000 units per year, and is expected to become operational from Q3FY27. The launch of the new EL platform during the festive season is expected to drive future growth through an expansion of the addressable market.
Positive Outlook as EV Adoption Accelerates
The company noted that the policy of Delhi in regard to EVs would carry on with certain changes owing to high acceptance among consumers, along with some states which have started supporting the EV policy.
Analysts have remained positive regarding the future of Ather Energy, attributing the reason to better scale, operating leverage and EV adoption trends. Based on expectations, the EBITDA profitability of the company could come through by FY28, with EBITDA margins improving from negative in FY27 to positive in FY28 & FY29.
The financial performance improvement of the company, along with the good demand pipeline, manufacturing capacity and products launches has helped improve the sentiment, resulting in the sudden rally in the stock price of Ather Energy post Q1FY27 results.
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