Ather Energy Ltd.registrations +60%, first positive PAT, capacity to 11.4 lakh

Ather Energy's Q2 FY27 call, held on 26 October 2026, showed an electric scooter maker growing faster than a fast-growing industry while still short of supply.

Industry registrations rose 82% to about 6 lakh and penetration crossed 10%, while Ather's registrations rose almost 60% to 92,500, wholesale volume rose 42% to 93,000 and pre-orders rose 108%. Average ex-showroom price rose about ₹14,000 to ₹1.64 lakh, gross margin was 24% despite a 9.4% commodity hit, EBITDA margin was 4.9% against minus 9.6% a year ago, and the company reported its first positive profit after tax.

The Konarc scooter began a staggered rollout, with fewer than 10,000 units sold. The board approved extra capacity, lifting installed capacity from 9.2 lakh to 11.4 lakh units by Q2 FY28, and AURIC Phase 1 trial production starts within weeks. No more price hikes are planned for Q3, and dealer expansion restarts from the end of the quarter. Of 20 earlier promises, three were met, one accelerated, ten on track, two not yet visible, one missed and three not mentioned.