Zelio E Mobility announced a significant 81.8% year-over-year increase in consolidated revenue for fiscal year 2026, reaching ₹313.8 crore. The company also reported healthy profitability with an EBITDA margin of 12.2% and a PAT margin of 9.1%.
Zelio E Mobility Reports Strong FY26 Performance
Zelio E Mobility announced its financial results for the fiscal year ending March 2026, showcasing a robust 81.8% surge in consolidated revenue to ₹313.8 crore. The company maintained healthy profitability, with EBITDA reaching ₹38.01 crore (12.2% margin) and Profit After Tax (PAT) at ₹28.39 crore (9.1% margin). Management emphasized the company's consistent profitability since its founding.
Growth Drivers
This impressive revenue growth and solid profitability reflect Zelio E Mobility's successful market penetration and operational efficiency. The expansion of manufacturing capacity, coupled with planned new product introductions, signals a strategic push to capture a greater share of the electric two- and three-wheeler markets. These financial results provide a strong base for future growth initiatives.
Expanded Operations and Future Plans
Zelio E Mobility has systematically enhanced its manufacturing and distribution capabilities, growing from a single facility to four production sites. This expansion is vital for meeting the increasing demand for electric mobility in India. For fiscal year 2027, the company plans to introduce two high-speed electric scooter models and further develop its electric three-wheeler business. The dealer network is also set to expand from over 400 to more than 550 locations, with a particular focus on under-served regions in South India and the North-East. Additionally, Zelio E Mobility aims to increase the local sourcing of components over the next two years.
Supply Chain Considerations
A notable risk for Zelio E Mobility is its ongoing reliance on international suppliers for critical components, especially batteries. This dependency on imported technology introduces operational vulnerabilities and supply chain risks that the company must manage as it continues to scale its operations.
Financial Snapshot
- FY26 Consolidated Revenue: ₹313.8 crore (up 81.8% year-over-year)
- FY26 EBITDA: ₹38.01 crore (12.2% margin)
- FY26 PAT: ₹28.39 crore (9.1% margin)
- Current Manufacturing Capacity: 2.4 lakh units (increased from 72,000 units)
- Current Dealer Network: Over 400 dealers
- Debt-to-Equity Ratio: 0.18x
- Current Ratio: 3.4x
- Cash Reserves: Approximately ₹26 crore
What to Watch Next
Investors will closely monitor the company's execution of its product launch plans, the effectiveness of its dealer network expansion, and progress in component localization. Effectively managing battery supply chain dependencies will be key to sustaining its growth trajectory.