Ather Energy shares rose 5% to Rs 1,660 on the NSE on the morning of October 27, 2026, extending their two-day gain to 20% after the electric scooter maker reported its first quarterly net profit.

Key Takeaways

  • Ather reported a net profit of Rs 1.26 crore for the September quarter, compared with a loss a year earlier.
  • Revenue rose nearly 63% year over year to Rs 1,464 crore.
  • Nomura raised its price target to Rs 2,070 from Rs 1,926 while maintaining a Buy rating.

Ather Energy shares extend gains

The stock reached Rs 1,660 on Tuesday morning, following a previous close of Rs 1,575. It had risen 13% over the preceding week and 11% over the preceding month.

The advance followed the company’s second-quarter results and brokerage target-price increases. The timing alone does not establish what caused the share-price move.

First quarterly profit

For the September quarter of fiscal 2027, Ather reported net profit of Rs 1.26 crore, compared with a net loss of Rs 154 crore a year earlier. Revenue grew nearly 63% to Rs 1,464 crore.

Earnings before interest, taxes, depreciation and amortisation turned positive at Rs 11.3 crore, compared with a loss of Rs 133 crore a year earlier. The EBITDA margin was 0.77%.

Chief Executive Tarun Mehta described the profit as a milestone but cautioned that the company still had work to do. He said the focus was on revenue and that improving volumes could support operating leverage if capacity work bears fruit.

Nomura raises its target

Nomura maintained its Buy rating and raised its price target to Rs 2,070 a share from Rs 1,926. The target is the brokerage’s assessment, not a guaranteed future price.

Read More News

More FinanceVelix news

Disclaimer

This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.