• The document is a transcript of Ather Energy Limited's Q2 FY27 Results Conference Call held on October 26, 2026, following the company's earlier intimation of the audio recording.
  • Management participants included Mr. Tarun Mehta (Executive Director and Chief Executive Officer), Mr. Sohil Parekh (Chief Financial Officer), and Mr. Murali Sashidharan (Head of Communications).
  • The call discussed Q2 FY27 financial and operational performance, including the first profitable quarter with positive PAT, 60% YoY registration growth to 92,500 units, and 42% YoY wholesale volume growth to 93,000 units.
  • Key highlights included the launch of new product Konarc, Ather Node infrastructure for apartment charging, Ather TrueHealth vehicle health reporting, and fifth-generation Ather Bedrock battery packs with 10-year warranty.
  • Capacity expansion plans were detailed: Hosur plant adding 6,000 units/month capacity in Q3 FY27, and AURIC Phase 1 adding 12,000 units/month by Q2 FY28, taking total installed capacity to 11.4 lakh units annually.
  • Gross margin improved to 24% in Q2 FY27 (from 22.4% in Q1 FY27) despite 9.4% commodity headwinds, with 5.3% structural improvements from price hikes and cost reductions, and 2.7% from temporary SKU management.
  • Demand metrics showed strong growth: inquiries up 109% YoY to over 10 lakh, preorders up 108% YoY to 1.8 lakh units, and Ather searches up 94% YoY compared to 34% industry growth.
  • The company confirmed no unpublished price sensitive information (UPSI) was shared during the call, and forward-looking statements were subject to risks and uncertainties.

Additional Notes Section

  • The transcript was filed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The document includes detailed Q&A session with analysts from JPMorgan, Nomura, Bank of America, Avendus, Nirmal Bang, and Invesco covering capacity expansion timing, commodity pressure, pricing levers, Konarc rollout strategy, and margin sustainability.
  • No financial presentation deck or additional attachments were mentioned in the transcript itself, though reference was made to slides shared online.
  • Contact information provided: ir@atherenergy.com, registered office in Bangalore, and website www.atherenergy.com.