Ather Energy Limited reported a return to quarterly profit as revenue from operations rose 62.9% year on year, while separate reports said India's account-aggregator fee rollout was pushed to Dec. 1.
Ather posted consolidated profit after tax of ₹1.26 crore for the quarter ended Sept. 30, 2026. Its exchange filing shows a year-earlier loss after tax of ₹154.07 crore and revenue from operations of ₹898.88 crore, but says comparison figures before the quarter ended June 30, 2026, are standalone. Revenue from operations in the latest quarter was ₹1,464.24 crore.
Vehicle volumes reached 93,211, up 42% year on year, and pre-orders more than doubled to 180,000, Ather said. The company said demand exceeded production capacity and its Hosur factory reached 98% utilization during peak production.
Ather's Oct. 26 press release reported earnings before interest, taxes, depreciation and amortization (EBITDA) of ₹74.2 crore, with a 4.9% margin. An Economic Times newsletter gave a different EBITDA figure of ₹11.3 crore. Ather's results filing does not list EBITDA separately, leaving the discrepancy unresolved.
Ather plans to invest about ₹122 crore to add 75,000 units of annual capacity at Hosur and 150,000 at its AURIC facility in Chhatrapati Sambhajinagar. The expansion is expected to bring combined installed capacity to about 1.14 million units by the second quarter of fiscal 2028.
Co-founder and CEO Tarun Mehta said the quarter paired sales growth with a positive bottom line despite higher commodity costs and supply disruptions.
The Economic Times and Business Standard reported that Sahamati moved the planned start of its account-aggregator fee model from Nov. 1 to Dec. 1. Both outlets cited an Oct. 26 circular that they said pointed to the festive season and requests for more time.
Under the reported plan, institutions requesting customer-authorized financial data would pay standardized fees, with proceeds shared among data providers, account aggregators and Sahamati. The framework lets customers authorize transfers of financial information between institutions. The Economic Times reported that participants still needed legal reviews, agreements among institutions and payment-system changes before rollout.
The reported fee start is Dec. 1. Ather expects its added production capacity to come on line by the second quarter of fiscal 2028.
