Shares of Ather Energy jumped 7% to ₹1,385 after the company announced a ₹1.26 crore net profit in Q2 FY27, reversing a ₹154 crore loss in the same quarter a year earlier.
Revenue climbed 62.8% YoY to ₹1,464 crore, while the EBITDA margin of 0.77% beat Nomura's -2.6% forecast and the consensus of -2.7%.
HSBC kept its Buy rating and pushed the price target to ₹1,800, while Nomura raised its target to ₹2,070, citing stronger bookings and higher average selling prices.
The board approved adding 6,000 units/month at the Hosur plant this quarter and 12,500 units/month at the Chhatrapati Sambhajinagar site by Q2 FY28, lifting total annual capacity to 11.4 lakh units.
Ather plans to roll out its mid‑range Konarc SR2 and SR3 now, with an entry‑level variant slated for Q4 FY27; it will not hike ex‑showroom prices further in the next quarters.
Management expects trial production at the new facility in coming weeks, but has not set a launch date for a new electric motorcycle, and will resume dealer network expansion from late Q3 FY27.