# Ather Energy financial performance and market impact > Developing situation record from CLSTR: https://clstr.news/situations/ather-energy-financial-performance-and-market-impact > Updated: 2026-10-31T14:56:00.000Z. Sources: 5. Developments: 2. Ather Energy, a Bengaluru-based electric two-wheeler manufacturer, reported its first profitable quarter with a net profit of ₹1.26 crore for the September period. This follows a net loss of ₹154.07 crore during the same quarter the previous year. Revenue for the quarter increased by 62.9% to ₹1,464.24 crore, supported by a 42% year-on-year increase in scooter sales. To meet demand, the company announced plans to invest ₹122 crore to expand manufacturing capacity. This includes increasing annual production at its Hosur plant in Tamil Nadu by 75,000 units and adding a new battery line, as well as increasing capacity at its Chhatrapati Sambhajinagar facility in Maharashtra from 5 lakh to 6.5 lakh units. Following these earnings, Ather Energy led gains among Indian new-age tech stocks, with its share price rising 26.8% to close at ₹1,755.05. This performance contributed to a broader rise in the market capitalization of tracked tech companies. ## Timeline ### 2026-10-31: Indian new-age tech stocks rise as Ather Energy leads gains Indian new-age tech stocks saw a 5.7% market cap increase this week, led by Ather Energy's 26.8% rise following its first quarterly net profit. 2 sources. https://clstr.news/cluster/indian-new-age-tech-stocks-rise-as-ather-energy-leads-gains ### 2026-10-26: Ather Energy reports first quarterly profit and expands manufacturing Ather Energy turned profitable in the September quarter with a net profit of ₹1.26 crore, prompting a ₹122 crore investment to expand manufacturing capacity in Tamil Nadu and Maharashtra. 4 sources. https://clstr.news/cluster/ather-energy-reports-first-quarterly-profit-and-expands-manufacturing --- Cite as: Ather Energy financial performance and market impact. CLSTR, https://clstr.news/situations/ather-energy-financial-performance-and-market-impact