The BSE SME-listed company also clocked a standalone profit of ₹16.2 Cr in the second half (H2) of FY26, zooming 80.1% from nearly ₹9 Cr in the year ago period
Including other income of ₹3.1 Cr, the company’s total standalone income for the fiscal under review stood at ₹306.6 Cr
In line with the top line, total expenses for the period, too, jumped 76.6% YoY to ₹272.7 Cr in FY26
Electric vehicle (EV) manufacturer Zelio E-Mobility’s standalone profit soared 75.4% to ₹28 Cr in the fiscal year 2025-26 (FY26) as against nearly ₹16 Cr in the year ago fiscal.
The BSE SME-listed company also clocked a standalone profit of ₹16.2 Cr in the second half (H2) of FY26, zooming 80.1% from nearly ₹9 Cr in the year ago period. Sequentially, it increased 37.1% from ₹11.8 Cr in H1 FY26.
The healthy jump in bottom line came on the back of standalone operating revenue zooming 76.3% to ₹303.5 Cr in FY26 from ₹172.2 Cr in the year ago fiscal. Zelio’s top line also zoomed 75.6% YoY and 27.7% QoQ to ₹170.2 Cr in H2 FY26.
Including other income of ₹3.1 Cr, the company’s total standalone income for the fiscal under review stood at ₹306.6 Cr.
The 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 consolidated operating revenue stood at ₹310.7 Cr, while net profit for the period stood at ₹28.4 Cr.
Founded in 2021 by Neeraj Arya, Zelio E-Mobility manufactures electric scooters at its factory located in Hisar and primarily operates in the low-speed, non-RTO electric scooter segment. It operates in over 25 states with a network of more than 300 dealers.
Its six-acre facility in Hisar has an annual capacity of 72,000 units and is working to increase localisation of components from around 20–30% to as much as 70–80% over the next three years.
Last month, the BSE SME-listed EV maker appointed former Navi UPI business head Divyanshu Agarwal as its new CEO.
Zelio E-Mobility’s total expenses zoomed 76.6% to ₹272.7 Cr in FY26 as against ₹154.4 Cr in the year ago fiscal.
Cost of Material Consumed: This was the biggest cost centre for the company. The EV maker spent ₹232.5 Cr under this bucket during the fiscal under review, up nearly 71% from ₹136.1 Cr in FY25.
Direct Expenses: The EV maker also spent ₹10 Cr towards direct costs in FY26 as against ₹4.6 Cr in the year ago fiscal year.
Employee Benefits Expenses: The original equipment manufacturer (OEM) spent ₹7.23 Cr towards employee salaries and other allied incentives in FY26, up 29.3% from ₹5.6 Cr in the year ago fiscal.
Other Expenses: Costs under this header zoomed 132% to ₹19.7 Cr in the fiscal under review as against ₹8.6 Cr in FY25.
Shares of Zelio ended yesterday’s trading session 1.99% higher at ₹499.45 apiece on the BSE.
Source: Inc42 - Startups
