ATHERENERG · Automobile and Auto Components
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Other income carrying profit, Exceptional items that recur, Finance cost rising, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹523 cr | ₹361 cr | ₹584 cr | ₹635 cr | ₹676 cr | ₹645 cr | ₹899 cr | ₹954 cr | ₹1,175 cr | ₹1,217 cr | ₹1,464 cr |
| YoY | — | — | — | — | +29% | +79% | +54% | +50% | +74% | +89% | +63% |
| EBITDA margin | −45.6% | −35.6% | −23.9% | −22.2% | −25.5% | −20.8% | −14.7% | −7.5% | −5.9% | −2.7% | 0.8% |
| Other income, % of PBT | — | — | — | — | — | — | — | — | — | — | 4,178% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | — | — | — | — | — | — | — | — | — | — | 0% |
| Net profit | −₹283 cr | −₹183 cr | −₹197 cr | −₹198 cr | −₹234 cr | −₹178 cr | −₹154 cr | −₹84.6 cr | −₹100 cr | −₹50.9 cr | ₹1.5 cr |
| YoY | — | — | — | — | — | — | — | — | — | — | — |
| Core profit YoY | — | — | — | — | — | — | — | — | — | — | — |
| EPS | −₹94.75 | −₹61.17 | −₹64.01 | −₹64.21 | −₹8.06 | −₹4.79 | −₹4.05 | −₹2.22 | −₹2.62 | −₹1.33 | ₹0.04 |
| Flags | · | · | · | · | ✓ | ✓ | ✓ | 1 | ✓ | 1 | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Ather Energy Ltd. reported revenue of ₹1,175 cr (+73.7% on the year) and net profit of −₹100 cr (— on the year) for January to March 2026.
None of the 4 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.