Ather Energy financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹1,464cr+62.9% on Q2 FY26
Net profit
₹1.5cr−₹154 cr in Q2 FY26
EBITDA margin
0.8%+15.5 pts on Q2 FY26
EPS
₹0.04−₹4.00 in Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue1,464899+62.9%
EBITDA11.6−133—
EBITDA margin0.8%−14.7%+15.5 pts
Profit before tax1.5−154—
Net profit1.5−154—
EPS₹0.04−₹4.00—

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹1,464 crNet profit₹1.5 crNet margin0.1%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025
63,643——
1,494664111
513513450
62,663——
4,8093,6722,255
—+62.8%—
−163−408−581
−3.4%−11.1%−25.8%
−331−581−752
−234−517−812
−4.9%−14.1%−36.0%
−₹6.12−₹13.51−₹21.23
—+36.3%—
—31.9−721
—−506−339
−474−474−1,060
Open the chart

From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

ATHERENERG₹1,663.00

Ather Energy Ltd.

· Auto & Mobility
₹ CrorePeersOLAELECTVSMOTORHEROMOTOCOFORCEMOTJBMAARE&MSONACOMSTENNINDMcap ₹63,643 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization——63,643.0
- Cash, Equiv & ST Investments110.8664.01,493.5
+ Total Debt449.9513.1513.1
Enterprise Value——62,662.6
Revenue2,255.03,671.84,809.4
Growth %, YoY—+62.8—
EBITDA-580.9-408.4-163.0
Margin %-25.76-11.12-3.39
EBIT-751.9-581.3-331.0
Net Income-812.3-517.2-234.2
Margin %-36.02-14.09-4.87
EPS, Adj (current shares)-21.23-13.51-6.12
Growth %, YoY—+36.3—
Cash from Operations-720.731.9—
Capital Expenditures-339.0-506.1—
Free Cash Flow-1,059.7-474.2-474.2
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · StandaloneFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Ather Energy financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Ather Energy (NSE: ATHERENERG) had a market capitalisation of ₹69,643 crore at the 29 October 2026 close (₹1,756.00 a share) and a price-to-book ratio of 16.25. In FY26 its consolidated net loss was ₹517 crore on revenue of ₹3,672 crore; in Q2 FY27 (July–September 2026) it was ₹1.5 crore. Its debt-to-equity ratio was 0.19 on 30 September 2026. Promoters held 42.33% of the shares on 30 September 2026.

Ather Energy Q2 FY27 results
filed 26 October 2026
Share price used
₹1,756.00 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

Ather Energy at a glance · consolidated

Market cap
₹69,643 Crat ₹1,756.00 · 29 Oct close
PE ratio
n/aloss over the last 4 quarters
Price to book (PB)
16.25book value ₹108.07 a share
ROE (FY26)
−33.7%ROCE −27.3%
Debt to equity
0.19net cash ₹2,196 Cr
Promoter holding
42.33%+1.6 pts vs 30 Jun 202630 September 2026
Net worth
₹4,286 Cr+57.5% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
−₹474 Cr
EPS (FY26)
−₹13.99

Questions

What is the Ather Energy PE ratio today?

Ather Energy's PE ratio is not meaningful at the 29 October 2026 close: its consolidated net profit over the last four quarters (Q3 FY26 to Q2 FY27) was a loss of ₹234 crore, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹69,643 crore at ₹1,756.00 a share.

What is the Ather Energy net worth?

Ather Energy's net worth — shareholders' equity in its consolidated balance sheet — was ₹4,286 crore on 30 September 2026, up 57.5% from ₹2,721 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹69,643 crore at the 29 October 2026 close.

What is the Ather Energy ROE and ROCE?

In FY26, Ather Energy's return on equity (ROE) was −33.7% and its return on capital employed (ROCE) was −27.3%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities).

What is the Ather Energy PB ratio (price to book value)?

Ather Energy's price-to-book (PB) ratio is 16.25 at the 29 October 2026 close: a market capitalisation of ₹69,643 crore divided by shareholders' equity (book value) of ₹4,286 crore on 30 September 2026. That is a book value of ₹108.07 per share against a share price of ₹1,756.00.

What is the Ather Energy book value per share?

Ather Energy's book value per share was ₹108.07 on 30 September 2026: shareholders' equity of ₹4,286 crore divided by the 39.66 crore shares in issue, up 50.9% from ₹71.61 a year earlier. The share price at the 29 October 2026 close was ₹1,756.00.

What is the Ather Energy shareholding pattern?

On 30 September 2026, Ather Energy's shares were held by promoters 42.33%, foreign portfolio investors (FII/FPI) 15.09%, domestic institutions (DII) 27.02% (including mutual funds at 18.06%) and retail and other non-institutional investors 15.56%. Over the year, FII holding was down 8.51 percentage points from 23.60% and DII holding was up 3.41 percentage points from 23.61%.

What is the Ather Energy market cap?

Ather Energy's market capitalisation was ₹69,643 crore at the 29 October 2026 close: 39.66 crore shares at ₹1,756.00 each.

Is Ather Energy debt free?

No. Ather Energy had borrowings of ₹821 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.19. Its cash and current investments were ₹3,017 crore, so it held net cash of ₹2,196 crore.

What is the Ather Energy EPS?

Ather Energy's basic earnings per share (EPS) were −₹13.99 in FY26. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to −₹6.13.

What is the Ather Energy debt to equity ratio?

Ather Energy's debt-to-equity ratio was 0.19 on 30 September 2026: borrowings of ₹821 crore against total equity of ₹4,286 crore. A year earlier, on 30 September 2025, it was 0.10.

What is the Ather Energy promoter holding?

Promoters held 42.33% of Ather Energy on 30 September 2026, up 1.61 percentage points from 40.72% the previous quarter and up 1.11 percentage points from 41.22% a year earlier, according to the shareholding pattern filed with NSE.

What is the Ather Energy free cash flow?

In FY26, Ather Energy generated ₹31.9 crore of cash from operations and spent ₹506 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹474 crore. In FY25 it was −₹1,060 crore.

What are the Ather Energy latest quarterly results?

Ather Energy's latest results are for Q2 FY27 (July–September 2026), filed on 26 October 2026: consolidated net profit ₹1.5 crore, against a loss of ₹154 crore in Q2 FY26; revenue from operations ₹1,464 crore, up 62.9% year on year.

What is the Ather Energy revenue and profit in FY26?

In FY26 (April 2025–March 2026), Ather Energy's consolidated net loss was ₹517 crore, narrower than the loss of ₹812 crore in FY25, on revenue from operations of ₹3,672 crore (up 62.8%).

When are the Ather Energy next results?

Ather Energy has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

How does Ather Energy compare with its peers?

On FY26 consolidated figures, against Ola Electric Mobility, TVS Motor and Hero MotoCorp: Ather Energy's operating margin of −15.8% is the third highest of the four (Ola Electric Mobility −74.4%, TVS Motor 12.7%, Hero MotoCorp 13.1%; peer average −16.2%); its return on equity of −33.7% is the third highest of the four (Ola Electric Mobility −43.2%, TVS Motor 33.4%, Hero MotoCorp 28.1%; peer average 6.1%).

Ather Energy vs Ola Electric Mobility: how do they compare?

In FY26, Ather Energy earned net profit of ₹517 crore on revenue of ₹3,672 crore, against ₹1,833 crore on ₹2,253 crore for Ola Electric Mobility. Ather Energy's operating margin was −15.8% (Ola Electric Mobility −74.4%) and its return on equity −33.7% (Ola Electric Mobility −43.2%). At the 29 October 2026 close, Ather Energy's market capitalisation was ₹69,643 crore against ₹15,356 crore for Ola Electric Mobility.

Where do these Ather Energy figures come from?

From Ather Energy's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.