Ather Energy shares skyrocket 19% after EV maker swings to Rs 1.26 crore profit in Q2
Ather Energy set out an expansion in a quarterly results development for Q2 FY27.
· Economic Times Markets, ET Stocks
Ather Energy shares surged nearly 19% after the electric two-wheeler maker reported a net profit of Rs 1.26 crore in Q2 FY27, reversing a loss of Rs 154 crore a year earlier. Revenue rose 62.8% year-on-year to Rs 1,464 crore, while the company also approved Rs 122 crore in capacity expansion.
Key facts
- Period
- Q2 FY27
The analysis
Ather Energy reported Rs 1.26 crore, Rs 154 crore and Rs 1,464 crore for Q2 FY27, with movement of 19% and 62.8% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +5.6% on the day at ₹1,756.00, and has returned +41.5% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The auto sector has moved -7.7% over the same period, so Ather Energy is running 49.2 points ahead of its peers.
This is a Capacity / capex event. Capacity added into a soft cycle compresses returns for the whole sector; added into a tight one it is the cheapest growth available. The cycle position matters more than the announcement. On the day the stock is +5.6%, so the tape moved decisively on this.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
- The shift to renewables is redrawing which energy names are structural winners versus stranded.
- Capex decisions are a bet on future demand; the market rewards or punishes them on whether the returns look credible.
Market context
- In focus: Ather Energy (ATHERENERG), in Auto.
- Over three months: Ather Energy +41.5% against Auto -7.7% (49.2 points ahead).
- Trading well above normal today: Ather Energy at 2.2 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Ather EnergyATHERENERG · Auto | ₹1,756.00 | +5.6% | +23.2% | +41.5% | 0.0% | 2.2× | — |
Auto
1M -5.8% · 3M -7.7%
Ather Energy
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
TVS Motor to raise e2W capacity to 80,000 units a month by March 2027
Maruti Suzuki India's EV exports cross 50,000 units since August 2025
ACME Solar shares rally 5% after Q2 profit jumps over 100%, signs 400MV agreement with NTPC
Maruti Q2FY27 results: Net profit declines 26.36% to ₹2,466.1 crore
Hyundai Motor shares jump 6% even as Q2 net profit declines 24% YoY. Why Nomura, other brokerages remain bullish?