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Ather Reports ₹1.26 Crore Profit in September Quarter, Plans Capacity Boost
Sentiment: NeutralHigh Priority
What Happened?
Ather Energy reported a profit of ₹1.26 crore for the September quarter and plans to increase production capacity by 225,000 units annually by Q2FY28. The company will invest ₹122 crore for this expansion.
Key points
- Ather Energy's profit after tax for Q2FY27 is ₹1.26 crore.
- The company plans to increase annual production capacity to 1,140,000 units by Q2FY28.
- Capacity at Hosur will rise to 495,000 units from 420,000 units.
- Factory 3.0 in Chhatrapati Sambhajinagar will increase capacity to 650,000 units from 500,000 units.
- Revenue from operations rose 63% year-on-year to ₹1,464.2 crore.
- Vehicle sales increased by 44% to 93,000 units.
Key insights
- The investment in capacity expansion may help Ather meet rising demand for electric vehicles.
- Increased production capacity could lead to a stronger competitive edge in the market.
- The new battery line at Hosur aims to mitigate supply-chain risks.
Market Impact
Electric Vehicles
PositiveThe expansion plans may positively impact Ather's market share in the electric vehicle sector.
Why it matters
The expansion could enhance Ather's market position in the growing electric vehicle sector.
Entities
Ather Energy· CompanyChhatrapati Sambhajinagar· City
Source
Business Standard
