Ather jumps 18% to a record after Q1 revenue rises 89%
The scooter maker turned EBITDA positive for the first time and the market re-rated it in a day. Three brokerages now sit between Rs 1,450 and Rs 1,714.
- Shares rose 18 percent to an all time high of Rs 1,500, valuing the company near 6 billion dollars.
- Q1 FY27 revenue Rs 1,217 crore, up 89 percent. Net loss narrowed to Rs 51 crore from Rs 178 crore.
- EBITDA turned positive at Rs 9 crore, a 1,650 basis point margin swing.
- 83,173 scooters delivered; enquiries up 95 percent and pre-orders up 158 percent.
Ather Energy shares rose 18 percent on Tuesday to an all time high of Rs 1,500, closing at Rs 1,463.9 and valuing the company at roughly 6 billion dollars, after a Q1 FY27 result that beat expectations.
Operating revenue reached Rs 1,217 crore, up 89 percent year on year, with total income of Rs 1,260 crore. Net loss narrowed to Rs 51 crore from Rs 178 crore. Consolidated EBITDA turned positive at Rs 9 crore against a Rs 106 crore loss a year earlier, a margin swing of about 1,650 basis points.
The company delivered 83,173 electric scooters in the quarter. Customer enquiries rose 95 percent to 7.07 lakh and pre-orders 158 percent to 1.5 lakh units. Brokerages stayed positive: CLSA at Outperform with a Rs 1,600 target, HSBC at Buy with Rs 1,450, Nomura at Buy with Rs 1,714.
The number operators should sit with is the enquiry to pre-order gap. Enquiries nearly doubled while pre-orders rose more than twice as fast, which means the funnel is not just wider, it is converting harder. That pattern usually indicates the product has crossed from consideration into preference.
It is also the clearest listed proof yet that an Indian D2C-led durables brand can reach operating breakeven at scale, which is the reference point the category has lacked.
Zane’s analysis draws on original reporting by Entrackr. Read the original report.