Zelio E-Mobility has announced its audited financial results for the financial year ended March 31, 2026, delivering a robust performance marked by substantial revenue growth, expanding profitability, and significant operational scale-up. The electric mobility company reported total revenue of ₹313.68 crore during FY26, reflecting an 81.8 percent increase over ₹172.19 crore recorded in the previous fiscal year.
The company’s profitability also witnessed a sharp rise. Net profit for FY26 stood at ₹28.39 crore, registering growth of 75.4 percent compared to approximately ₹16 crore reported during FY25. Consolidated EBITDA reached ₹38.01 crore, translating into an EBITDA margin of 12.2 percent. The results reinforce Zelio’s position as one of the few consistently profitable companies operating in India’s electric vehicle ecosystem.
Since commencing operations, Zelio has maintained a rapid growth trajectory. Revenue has increased from ₹12.89 crore in its first year to more than ₹313 crore in FY26, representing an annualized growth rate of approximately 121 percent over four years. The company attributes this expansion to growing consumer acceptance of electric mobility solutions, disciplined execution, and a steadily expanding market presence.
During the year, Zelio strengthened its retail and distribution network, growing to more than 400 dealerships spread across over 25 states. This extensive reach has enabled the company to improve accessibility and customer service across both urban and emerging markets.
The company also accelerated investments in manufacturing infrastructure. New facilities announced in Odisha and Tamil Nadu are expected to enhance production efficiency and regional supply chain capabilities. With these developments, Zelio’s installed production capacity is projected to reach 2,40,000 units annually, supporting future demand across multiple regions of the country.
FY26 also marked an important corporate milestone with the company’s successful public listing. Following its initial public offering and listing on the BSE SME platform in October 2025, Zelio raised ₹78.34 crore. The public issue attracted participation from institutional and retail investors, reflecting confidence in the company’s business model and growth prospects.
Looking ahead, Zelio plans to commission its Coimbatore manufacturing facility in July 2026, expand its electric three-wheeler operations through the Haryana plant, and strengthen its eastern India presence through its Cuttack facility. The company is targeting a dealership network exceeding 550 outlets by the end of FY27 while continuing to build its presence across South India and the North-East region.
Since its establishment in 2021, Zelio E-Mobility has expanded rapidly in India’s electric vehicle market. The company currently operates with an annual manufacturing capacity of 72,000 units, serves more than 200,000 customers, and maintains a dealer network of over 350 outlets across 20 states and union territories. Through continued innovation and product development, Zelio aims to make electric mobility more practical, affordable, and widely accessible for urban transportation across India.
