| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 1,464 | 899 | +62.9% |
| EBITDA | 11.6 | −133 | — |
| EBITDA margin | 0.8% | −14.7% | +15.5 pts |
| Profit before tax | 1.5 | −154 | — |
| Net profit | 1.5 | −154 | — |
| EPS | ₹0.04 | −₹4.00 | — |
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.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 |
|---|
| 63,146 | — | — | |
| 1,494 | 664 | 111 | |
| 513 | 513 | 450 | |
| 62,165 | — | — | |
| 4,809 | 3,672 | 2,255 | |
| — | +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 | |
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|
| Market Capitalization | — | — | 63,145.5 | |
| - Cash, Equiv & ST Investments | 110.8 | 664.0 | 1,493.5 | |
| + Total Debt | 449.9 | 513.1 | 513.1 | |
| Enterprise Value | — | — | 62,165.1 | |
| Revenue | 2,255.0 | 3,671.8 | 4,809.4 | |
| 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 | -720.7 | 31.9 | — | |
| Capital Expenditures | -339.0 | -506.1 | — | |
| Free Cash Flow | -1,059.7 | -474.2 | -474.2 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Ather Energy (NSE: ATHERENERG) had a market capitalisation of ₹65,955 crore at the 29 October 2026 close (₹1,663.00 a share) and a price-to-book ratio of 15.39. 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'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 ₹65,955 crore at ₹1,663.00 a share.
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 ₹65,955 crore at the 29 October 2026 close.
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).
Ather Energy's price-to-book (PB) ratio is 15.39 at the 29 October 2026 close: a market capitalisation of ₹65,955 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 ₹1,663.00.
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 ₹1,663.00.
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%.
Ather Energy's market capitalisation was ₹65,955 crore at the 29 October 2026 close: 39.66 crore shares at ₹1,663.00 each.
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.
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.
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.
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.
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.
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.
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%).
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.
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%).
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 ₹65,955 crore against ₹16,272 crore for Ola Electric Mobility.
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.