EV Giant Zelio E-Mobility's Profits Skyrocket 69%! Record Growth Sparks Investor Frenzy!

Author

Simar Singh | Whalesbook News Team

Detailed Coverage:

Zelio E-Mobility, a manufacturer of electric vehicles listed on the BSE SME platform, announced impressive financial results for the first half of FY26. The company's standalone profit after tax (PAT) jumped by 69% to INR 11.8 Crore, a substantial increase from INR 7 Crore in the same period last year. On a sequential basis, the PAT grew by 33% from INR 8.9 Crore. The company's operating revenue experienced remarkable growth, soaring 77% year-on-year to INR 133.3 Crore and climbing 38% quarter-on-quarter. Including other income, the total income for H1 FY26 stood at INR 134.3 Crore, with total expenses reported at INR 119.9 Crore.

Expanding its business, Zelio established a new subsidiary, Zelio Auto Components, in May 2025. When the financial performance of this new subsidiary is included, Zelio's consolidated operating revenue reached INR 134.8 Crore, with a net profit of INR 11.9 Crore for the period. In March, Zelio launched 'Little Gracy,' a low-speed, non-RTO electric scooter designed for riders aged 10-18, starting at INR 49,500. The company recently went public via a SME IPO in October 2025, raising INR 78.34 Crore, which is intended for debt repayment and setting up a new manufacturing unit. Approximately INR 36 Crore of these IPO proceeds remain unutilised and have been placed in fixed deposits. Zelio has also secured board approval to lease new industrial premises in Odisha to support future growth.

Impact This news is highly positive for Zelio E-Mobility's existing shareholders and investors interested in the electric vehicle and SME segments of the Indian stock market. The strong financial performance, expansion into new product lines and subsidiaries, and clear growth strategy indicate significant potential for the company. The positive market reception, as seen by the stock's 4.99% rise to INR 350.2 on BSE, reflects investor confidence. Impact Rating: 7/10

Definitions: FY26: Fiscal Year 2025-2026. H1: First Half of the fiscal year (typically April to September in India). PAT: Profit After Tax, also known as net profit. YoY: Year-on-Year, comparing performance to the same period in the previous year. BSE SME: Bombay Stock Exchange's Small and Medium Enterprises platform, designed for emerging companies. IPO: Initial Public Offering, the process by which a private company becomes public by selling shares to investors. OFS: Offer For Sale, where existing shareholders sell their stake in the company.