Zelio E-Mobility FY26 Net Profit Rises 75% to ₹280.27 Crore; Q4 Profit at 162M Rupees
Zelio E-Mobility reported Q4 standalone net profit of 162M rupees vs 90M rupees YoY, with revenue at 1.7B rupees vs 969M rupees. For the full year ended March 31, 2026, net profit rose 75.4% to ₹280.27 crore and revenue from operations grew 76.3% to ₹3,035.42 crore, supported by IPO proceeds of ₹628.32 crore and a significant rise in cash balances to ₹2,600.19 crore.

*this image is generated using AI for illustrative purposes only.
Zelio E-Mobility reported a 75.4% rise in net profit to ₹280.27 crore for the financial year ended March 31, 2026, driven by strong operational performance. Revenue from operations increased 76.3% to ₹3,035.42 crore from ₹1,721.89 crore in the previous year. Total revenue for the period stood at ₹3,066.01 crore. On a quarterly basis, the company's standalone net profit for Q4 came in at 162M rupees, compared to 90M rupees in the same period of the previous year, reflecting continued momentum in business growth.
Q4 Standalone Financial Highlights
Zelio E-Mobility's Q4 standalone performance showed strong year-on-year growth across key metrics. Revenue for the quarter stood at 1.7B rupees, up from 969M rupees in the corresponding quarter of the prior year. EBITDA for the quarter rose to 191M rupees from 118M rupees year-on-year, though the EBITDA margin contracted to 11.21% from 12.15% in the same period last year.
| Metric | Q4 Current Year | Q4 Previous Year |
|---|---|---|
| Net Profit | 162M rupees | 90M rupees |
| Revenue | 1.7B rupees | 969M rupees |
| EBITDA | 191M rupees | 118M rupees |
| EBITDA Margin | 11.21% | 12.15% |
Full-Year Financial Performance (Standalone)
For the full year ended March 31, 2026, the company reported a profit before tax of ₹339.20 crore, compared to ₹193.55 crore in the prior year. Total expenses for the year were ₹2,726.80 crore, up from ₹1,544.41 crore in the previous year. Earnings per share (EPS) for the year increased to ₹14.95 from ₹9.67 in the previous year. The company's consolidated net profit for the year was ₹283.87 crore.
| Particulars | Year Ended March 31, 2026 (₹ crore) | Year Ended March 31, 2025 (₹ crore) |
|---|---|---|
| Revenue from Operations | 3,035.42 | 1,721.89 |
| Total Revenue | 3,066.01 | 1,737.96 |
| Total Expenses | 2,726.80 | 1,544.41 |
| Profit Before Tax | 339.20 | 193.55 |
| Net Profit | 280.27 | 159.82 |
| Earnings Per Share (Basic) | 14.95 | 9.67 |
Board Approvals and Audit
The board of directors, in a meeting held on May 28, 2026, approved the audited standalone and consolidated financial results for the half year and year ended March 31, 2026. The statutory auditors, Murari Garg & Co., issued an unmodified opinion on the financial results. The company also appointed M/s T S A & Co., Chartered Accountants, as the internal auditor for the financial year 2026-27.
Balance Sheet and IPO Proceeds
The company's cash and bank balances as of March 31, 2026, stood at ₹2,600.19 crore, a significant increase from ₹31.65 crore in the previous year. This rise was primarily due to the proceeds from the initial public offer (IPO) completed in October 2025, which aggregated ₹628.32 crore. The unutilised IPO proceeds of ₹250.53 crore have been temporarily deployed in fixed deposits with HDFC Bank. Total equity increased to ₹1,111.69 crore as of March 31, 2026, from ₹266.74 crore in the previous year, while share capital rose to ₹211.50 crore from ₹165.30 crore.
| Particulars | Object of Issue (₹ crore) | Utilisation up to March 31, 2026 (₹ crore) | Unutilised Amount (₹ crore) |
|---|---|---|---|
| Repayment of Borrowings | 200.00 | 200.00 | - |
| Capital Expenditure | 194.49 | 78.51 | 115.98 |
| Working Capital Requirement | 80.00 | 26.00 | 54.00 |
| General Corporate Purpose | 90.94 | 9.85 | 81.09 |
| Issue Expenses | 62.89 | 62.89 | - |
| Total | 628.32 | 377.25 | 251.07 |
Historical Stock Returns for Zelio E-Mobility
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.99% | -2.07% | +1.16% | -16.55% | +200.80% | +200.80% |
How does Zelio E-Mobility plan to utilize the remaining ₹251 crore in unutilized IPO proceeds to drive future growth?
What strategies will the company implement to address the contraction in EBITDA margins despite rising revenue?
What are the projected capital expenditure targets for the upcoming financial year following the ₹78.51 crore utilized in 2026?


































