ATHER ENERGY LIMITED

In the earnings call for Q1 FY 2027, Ather Energy Limited reported significant growth in demand for electric two-wheelers, with e-two-wheeler penetration increasing by 44% to 11% in the overall two-wheeler market. Management highlighted a surge in inquiries and preorders, with paid preorders rising by 158% to 150,000 units. Despite production constraints, wholesale volumes grew by 81% year-on-year, reaching 83,000 units. The company faced challenges from rising commodity costs, which increased by 46% over five quarters, impacting gross margins. However, Ather achieved its first positive EBITDA quarter, with a margin of Rs. 9 crore. Management discussed plans for expanding production capacity through the new Aurangabad facility, aiming to increase annual capacity to 920,000 units. The upcoming launch of the EL scooter platform was also emphasized as a key growth driver. Overall, management expressed optimism about the strong demand and structural tailwinds supporting the electric vehicle market.

Management emphasized strong demand growth and positive financial results despite challenges.