Ather Energy shares leap 5%, lengthen rally to twenty% in two days after Q2 outcomes. Can the run proceed?
Ather Energy shares rose to Rs 1,660 apiece on the NSE on Tuesday morning. The electrical scooter maker reported its first quarterly web revenue of Rs 1.26 crore within the September quarter of FY27, marking a pointy turnaround from a web lack of Rs 154 crore within the year-ago interval. Revenue grew almost 63% year-on-year (YoY) to Rs 1,464 crore, supporting the turnaround.
The firm’s earnings earlier than curiosity, taxes, depreciation and amortisation (EBITDA) turned optimistic at Rs 11.3 crore, in opposition to an EBITDA lack of Rs 133 crore a yr earlier. The EBITDA margin stood at 0.77%. “We will not be out of the woods. There is a variety of work for us to ship on. The focus is on the highest line. Improving quantity will itself maintain working leverage, if all of the capability work we’re placing in bears fruit over the following few months. In the close to time period it could possibly go up and down, however it’s positively value celebrating this milestone for the enterprise,” Tarun Mehta, CEO, Ather Energy, mentioned.
Also learn | Ather Energy swings to first quarterly profit as revenue rises 63%
Nomura on Ather Energy share worth
Nomura elevated its goal worth for the shares of Ather Energy to Rs 2,070 apiece from Rs 1,926 apiece, whereas sustaining its ‘Buy’ score. The newest goal worth implies greater than 31% upside potential from the inventory’s earlier closing worth of Rs 1,575 apiece.
The transnational brokerage reaffirmed Ather Energy as its high choose within the two wheeler area. It famous that the corporate’s industry-leading tech pack, bettering attain, and product portfolio makes it best-positioned to profit from the EV inflection and ensuing improve in EV salience of OEMs.
Ather Energy share worth
Ather Energy shares have jumped 13% in every week and 11% in a month. The inventory has delivered multibagger returns of greater than 124% in 2026 up to now.Overall, the shares of the corporate have jumped 126% in a single yr. The firm at the moment has a market capitalisation of almost Rs 65,790 crore.
Also learn | Ather Energy shares skyrocket after EV maker swings to Rs 1.26 crore profit in Q2
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