India, Oct. 27 -- Q2 FY27 marked a major milestone for Ather Energy as the listed electric vehicle (EV) major turned profitable for the first time.

The Tarun Mehta-led company reported a consolidated net profit of Rs.1.3 Cr during the quarter under review compared to a net loss of Rs.154.1 Cr in q2 FY26 and a net loss of Rs.51.1 Cr in the preceding quarter.

This was also the first EBITDA-positive quarter for Ather as margins improved to 4.9% from -9.6% in Q2 FY26. Excluding other income, the EV maker's EBITDA margins stood at roughly 0.8-1%, while adjusted gross margins further improved to 24%.

With this, the EV maker has achieved a milestone that most of its new-age rivals, including listed Ola Electric, is yet to crack. Such is the c...