Nature of the Disclosure

This document is a regulatory filing by Ather Energy Limited pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It discloses the outcomes of the Board of Directors meeting held on October 26, 2026, including the approval of unaudited financial results for Q2 and H1 FY27 and a capacity expansion plan.

Key Financial Figures - Standalone (Amounts in ₹ crores)

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: ₹1,464.24
  • Total Income: ₹1,526.91
  • Profit/(Loss) Before Tax: ₹1.50
  • Profit/(Loss) for the period: ₹1.50
  • Basic EPS: ₹0.04

Half-Yearly Performance (H1 FY27)

  • Revenue from Operations: ₹2,681.16
  • Total Income: ₹2,786.56
  • Profit/(Loss) Before Tax: (₹49.37)
  • Profit/(Loss) for the period: (₹49.37)
  • Basic EPS: (₹1.27)

Yearly Comparison (FY26 Audited)

  • Revenue from Operations: ₹3,671.76
  • Total Income: ₹3,823.08
  • Profit/(Loss) Before Tax: (₹517.17)
  • Profit/(Loss) for the year: (₹517.17)
  • Basic EPS: (₹13.99)

Key Financial Figures - Consolidated (Amounts in ₹ crores)

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: ₹1,464.24
  • Total Income: ₹1,526.91
  • Profit/(Loss) Before Tax: ₹1.26
  • Profit/(Loss) for the period: ₹1.26
  • Basic EPS: ₹0.03

Half-Yearly Performance (H1 FY27)

  • Revenue from Operations: ₹2,681.16
  • Total Income: ₹2,786.60
  • Profit/(Loss) Before Tax: (₹49.83)
  • Profit/(Loss) for the period: (₹49.83)
  • Basic EPS: (₹1.28)

Fundraising & Capital Activities (H1 FY27)

  • Qualified Institutions Placement (QIP): Allotted 1,08,15,307 Equity Shares (face value ₹1) at an issue price of ₹1,202 per share, aggregating ₹1,300.00 crores.
  • Preferential Allotment: Raised ₹200 crores through issuance of 16,26,016 Equity Shares (face value ₹1) at a price of ₹1,230 per share.
  • Warrant Issuance: Issued 79,36,507 convertible warrants at ₹1,260 per warrant, aggregating ₹1,000.00 crores. Received 25% payment (₹250.00 crores) on allotment (August 25, 2026). Balance 75% payable upon conversion within 18 months.
  • ESOP Allotment: Issued 10,41,458 and 14,89,264 equity shares pursuant to employee stock option exercises.
  • Paid-up Equity Share Capital increased to ₹39.66 crores (Sept 30, 2026) from ₹38.27 crores (March 31, 2026).

Subsidiary Updates

  • Ather Insurance Limited (AIL): Wholly-owned subsidiary incorporated on May 27, 2026. Received Certificate of Registration from IRDAI on October 15, 2026, to act as a 'corporate agent'.
  • Ather Energy Hong Kong Limited: Wholly-owned subsidiary incorporated on September 21, 2026, to support procurement in the APAC region.
  • The consolidated results include these subsidiaries from their respective dates of incorporation. Comparative figures prior to Q1 FY27 are standalone only.

Capacity Expansion Approval

The Board approved capacity expansion at two manufacturing locations:

Hosur, Tamil Nadu

  • Existing Capacity: 420,000 units per annum (98% utilization)
  • Proposed Addition: 75,000 units per annum
  • Completion: Expected December 2026
  • Investment: Up to ₹58 crore (incl. tax)
  • Financing: Debt and internal accruals
  • Rationale: Scale up long-term manufacturing output

Chhatrapati Sambhajinagar, Maharashtra (Factory 3.0)

  • Existing Status: Under construction (500,000 units p.a. planned)
  • Proposed Addition: 150,000 units per annum
  • Completion: Expected Q2 FY28
  • Investment: Up to ₹64 crore (incl. tax)
  • Financing: Debt and internal accruals
  • Rationale: Scale up long-term manufacturing output

Note: The Hosur investment includes ₹53 crores for a new battery line, expected by Q3 FY28.

Other Material Disclosures

  • Battery Waste Management Rules, 2022: The company acknowledges significant implications as a battery producer but is unable to reliably estimate the financial impact due to awaited guidance on practical challenges and costs.
  • Audit Review: The financial results were reviewed by the statutory auditor, Deloitte Haskins & Sells, which issued an unmodified conclusion.
  • Publication: The results will be published in newspapers as required by SEBI Listing Regulations.
  • Meeting Duration: The Board Meeting commenced at 09:10 AM IST and concluded at 02:15 PM IST on October 26, 2026.

#Tags: #AtherEnergy #Q2Results #CapacityExpansion #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral