Results · Mobility & Logistics

Zelio E-Mobility posts 75% profit jump in FY26

What they do

Zelio E-Mobility makes electric two-wheelers and three-wheelers

It reported FY26 standalone PAT of Rs 28.03 crore, up 75.4% from FY25

Revenue rose 76.3% to Rs 303.54 crore, driven by higher sales and a new plant

Zelio E-Mobility reported FY26 standalone PAT of Rs 28.03 crore, up 75.4% from Rs 15.98 crore in FY25.
FY26 standalone revenue from operations was Rs 303.54 crore, up 76.3% from Rs 172.19 crore in FY25.
Total standalone income for FY26 was Rs 306.60 crore, including other income of Rs 3.06 crore.
In H2 FY26, standalone revenue from operations was Rs 170.22 crore, up from Rs 96.91 crore in H2 FY25.
H2 FY26 standalone PAT was Rs 16.21 crore, up from Rs 8.96 crore in H2 FY25.
FY26 total standalone expenses rose to Rs 272.68 crore from Rs 154.44 crore in FY25.
The company commissioned a new plant in Cuttack, Odisha in February 2026, boosting total installed capacity to 1,80,000 units per annum.
Zelio appointed Divyanshu Agarwal as CEO effective 15 April 2026.

The results show strong growth in both revenue and profit for the electric vehicle maker.
Revenue growth outpaced expense growth, indicating improved operating leverage.
The new Cuttack plant more than doubled production capacity, supporting future expansion.

Zelio E-Mobility manufactures electric two-wheelers under the Zelio brand and electric three-wheelers under the Tanga brand.
It primarily operates in the low-speed, non-RTO electric scooter segment.
The company is headquartered in Hisar, Haryana.
Its dealer network spans more than 25 states and union territories with over 300 dealers.
The Hisar facility has an annual capacity of 72,000 units on a six-acre site.
After the Cuttack plant, total installed production capacity increased from 72,000 to 1,80,000 units per annum.
Zelio incorporated a subsidiary, Zelio Auto Components, in May 2025.

The company is working to increase localisation of components from 20-30% to 70-80% over the next three years.