Ather Energy Ltd — Q1FY27 earnings call summary

Filed 07 August 2026 · Official transcript

Q1 FY27 wholesale volume grew 81% to 83,000 units; registrations up 102%
First positive EBITDA quarter: Rs. 9 crore (0.8% margin) in Q1 FY27
Commodity costs up 46% over 5 quarters; Q1 gross margin 22.4% after 5.6% commodity hit
Expect AURIC Phase 1 ramp-up to 42k units/month by Q4 FY27; Phase 2 planned for future expansion
Production ramped from 24k in April to 31k in June; current capacity maxed at 35k units/month
New Aurangabad factory (AURIC) Phase 1 to add 5 lakh units capacity, doubling total to 9.2 lakh units/year by late 2026
EL scooter launch late August; production scaling to 60k units/month between Aurangabad and Hosur
Demand strong in Middle India (141% retail growth), Rest of India (118%), South India (76%)