Ather Energy Ltd — Q2FY27 earnings call summary

Filed 30 October 2026 · Official transcript

Capacity expansion approved: Hosur +6,000 units/month Q4 FY27; AURIC Phase 1 +12,000 units/month by Q2 FY28
Q2 FY27 industry E2W registrations grew 82% y-y, pan-India penetration crossed 11.2%
Gross margin improved 5.3% structurally; commodity inflation hit margins by 9.4%
No price hikes planned in Q3 FY27; commodities currently stable
Ather's wholesale volume grew 42% y-y to 93,000 units; registrations up 60% y-y to 92,500 units
Konarc launch phased by geography and variant; strong early demand and positive customer response
Electric motorcycle launch timeline not disclosed
EBITDA margin improved 1450 bps y-y to 4.9%; first positive PAT recorded