Zelio E-Mobility H1 Profit Jumps 69% YoY To INR 11.8 Cr

SUMMARY

Zelio E-Mobility’s standalone profit for the first half (H1) of FY26 jumped 69% to INR 11.8 Cr from INR 7 Cr in the year-ago period

Operating revenue for the half under review zoomed 77% YoY and 38% sequentially to INR 133.3 Cr. Including other income of INR 97.9 Lakh, the company’s total income for H1 FY26 stood at INR 134.3 Cr.

This is company's first result after the company went public via a SME IPO in October this year, raising INR 78.34 Cr. The IPO comprised a fresh issue of INR 62.83 Cr and an offer-for-sale (OFS) component of INR 15.50 Cr

BSE SME-listed electric vehicle (EV) manufacturer Zelio E-Mobility’s standalone profit for the first half (H1) of FY26 jumped 69% to INR 11.8 Cr from INR 7 Cr in the year-ago period. On a sequential basis, the company’s PAT increased 33% from INR 8.9 Cr.

Operating revenue for the half under review zoomed 77% YoY and 38% sequentially to INR 133.3 Cr. Including other income of INR 97.9 Lakh, the company’s total income for H1 FY26 stood at INR 134.3 Cr. Meanwhile, total expenses for the period, too, jumped 78% YoY to INR 119.9 Cr.

The recently listed EV maker set up a new auto components manufacturing subsidiary, Zelio Auto Components, in May 2025. Including the financial performance of the newly set up subsidiary, Zelio’s operating revenue on a consolidated basis stood at INR 134.8 Cr while net profit for the period stood at INR 11.9 Cr.

Founded in 2021 by Neeraj Arya, Zelio E-Mobility manufactures escooters in its factory located in Hisar and sells pan-India via a network of more than 200 dealers.

In March, the company launched Little Gracy, a low-speed, non-RTO electric scooter for younger riders aged 10-18. Available in three variants, the scooter starts at a price of INR 49,500.

Notably, the company went public via a SME IPO in October this year, raising INR 78.34 Cr. The IPO comprised a fresh issue of INR 62.83 Cr and an offer-for-sale (OFS) component of INR 15.50 Cr. The IPO closed with an oversubscription of 1.5X, fol;lowing which the company got listed on BSE SME platform on October 8.

The company intends to utilise the fresh proceeds of the IPO to repay/ pre-pay existing borrowings and set up a new manufacturing unit. As of November 14, 2025, the remaining unutilised proceeds amounting to approximately INR 36 Cr have been temporarily parked in fixed deposits with HDFC Bank.

Zelio also received board approval to lease new industrial premises in Odisha to support growth and operational scalability.

Shares of Zelio ended 4.99% higher at INR 350.2 on BSE today.