Shares of electric two-wheeler maker Ather Energy rallied nearly 18% on Tuesday, touching an all-time high of Rs 1,500 apiece, as brokerages remained bullish following the company's strong Q1 FY27 performance. The stock had closed at Rs 1,272.7 in the previous session. The sharp rally came a day after Ather reported robust growth across revenue, margins and profitability, reinforcing investor confidence in the company's growth trajectory. Strong demand for its electric scooters, improving operating leverage, a recent funding boost and expectations around new product launches also boosted sentiment. For the quarter ended June 2026, Ather's revenue from operations grew 89% year-on-year toRs 1,217 crore, while consolidated total income rose 87.2% to Rs 1,260 crore. The company also reported a sharp improvement in profitability, with net loss narrowing to Rs 51 crore from Rs 178 crore in the year-ago quarter. Consolidated EBITDA turned positive at Rs 9 crore against a loss of Rs 106 crore in Q1 FY26, while EBITDA margin improved by 1,650 basis points to 0.8%. Ather delivered 83,173 electric scooters during the quarter, while customer enquiries rose 95% to 7.07 lakh and pre-orders surged 158% to 1.5 lakh, indicating demand continued to outpace production. The company also said its AURIC plant remains on track to begin production in Q3 FY27, with the first scooter on the new EL platform set to debut on August 29. Brokerages remained bullish on Ather. CLSA retained its 'Outperform' rating with a target price of Rs 1,600, citing strong volume growth, robust bookings, upcoming capacity expansion and the EL platform launch. It also noted that demand continues to outpace production capacity. HSBC maintained its 'Buy' rating and raised its target price to Rs 1,450, highlighting better-than-expected margins driven by lower operating costs and expecting market share gains as new capacity comes online. Nomura also retained its 'Buy' rating with the high target price of Rs 1,714, calling Ather its preferred electric two-wheeler stock, backed by strong execution, brand strength, and sustained growth prospects. Brokerages said Ather's improving unit economics, rising contribution from software and services, upcoming capacity expansion and new product pipeline position the company well for sustained growth, prompting a broad re-rating of the stock. As at 11:37 PM (today), Ather’s shares were trading at Rs 1,463.9, valuing the company at Rs 57,349 crore or around $6 billion. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
