Ather Energy shares surge 18% after posting quarterly profit and strong revenue growth

Ather Energy announced a turnaround in its Q2 FY27 financials, delivering a consolidated net profit of ₹1.26 crore for the quarter that ended in September 2026, after recording a net loss of ₹154.07 crore in the comparable quarter of the previous year. The firm’s total revenue jumped 62.3% year-on-year, reaching ₹1,526.95 crore versus ₹940.67 crore a year earlier. In the preceding quarter, the company had posted a loss of ₹51.09 crore.

To support growth, Ather raised capital through a qualified institutional placement of 1.08 crore equity shares and a separate equity issue that brought in ₹200 crore, as well as issuing 79.36 lakh convertible warrants worth ₹1,000 crore. On August 25 2026, it received about 25% of the warrant issue price, roughly ₹250 crore. The earnings beat and fundraising prompted an 18% rise in the company’s share price.