Ather Energy Stock Hits All-Time High on Strong Q1 Earnings
Electric scooter maker Ather Energy's stock surged to a record high after reporting strong first-quarter financial results and receiving positive analyst ratings.
Ather Energy's stock reached an all-time high on the Bombay Stock Exchange (BSE) on Thursday, climbing as much as 18 percent. The surge followed the electric two-wheeler manufacturer's robust first-quarter fiscal year 2027 earnings and a wave of bullish brokerage calls.
The stock later pared some gains, trading 13.8% higher. Ather Energy's market capitalization approached $6 billion at the time. Brokerage firms cited strong demand, improving profitability, manufacturing expansion, and upcoming product launches as key drivers for the company's growth outlook.
Several major financial institutions, including CLSA, HSBC, and Nomura, maintained or reiterated their 'Outperform' or 'Buy' ratings, raising their target prices. Analysts highlighted strong volume growth, expanding operating margins, and the expected positive impact from new platforms like the 'EL' as key factors.
Ather Energy reported an 89% year-over-year increase in operating revenue for Q1 FY27 and turned EBITDA positive, reporting 9 crore rupees compared to a loss in the prior year. The company also narrowed its net loss by 71%. Deliveries of electric scooters jumped 81% year-over-year to 83,173 units.
The company has recently raised over 2,500 crore rupees (approximately $300 million) through funding rounds to expand manufacturing capacity, accelerate product development, and scale its retail and charging network. Ather plans to unveil its first production scooter on the next-generation EL platform on August 29.