Zelio E-Mobility , a key player in the slow-speed electric vehicle (EV) segment, has reported impressive financial results for the first half of fiscal year 2026 (H1 FY26). The company's performance highlights its strong position in the growing EV market and its expansion plans.

Financial Highlights

The company's robust 80% year-on-year revenue growth demonstrates the increasing demand for slow-speed EVs in the Indian market.

Expansion Plans

Zelio E-Mobility is expanding its manufacturing capabilities to meet the growing demand:

1. Odisha Facility: Set to be operational by February 2026
2. Patan Facility: Planned to start operations in April 2026

These new facilities are expected to boost the company's production capacity, enabling it to meet its growth targets.

Future Outlook

• FY26 Revenue Target: INR 260-280 crores
• FY27 Production Goal: Scaling to 1 lakh annual units

The company's expansion strategy and production targets reflect its confidence in the continued growth of the slow-speed EV segment in India.

Market Implications

The strong performance of Zelio E-Mobility indicates a positive trend in the adoption of electric vehicles in India, particularly in the slow-speed segment. This growth aligns with the government's push for electric mobility and suggests increasing consumer acceptance of EVs for short-distance transportation needs.

Investors should note that while the company's growth is impressive, it's important to monitor how Zelio E-Mobility manages its expansion in terms of operational efficiency and maintaining profit margins as it scales up production.

As the EV market in India continues to evolve, Zelio E-Mobility's performance and strategies will be worth watching, both as an indicator of the company's potential and as a barometer for the broader slow-speed EV segment in the country.

Zelio E-Mobility Limited , a prominent player in the electric vehicle manufacturing sector, has announced impressive financial results for the second quarter of the fiscal year 2025-26. The company's performance showcases significant growth across key financial metrics, underlining its strong market position and operational efficiency.

Financial Highlights

Revenue Growth

Zelio E-Mobility has reported a substantial 77% year-over-year increase in revenue, reaching ₹1,333.00 crore in Q2 FY 2025-26, up from ₹752.80 crore in the same quarter of the previous year. This growth indicates strong market demand for the company's electric vehicles and related products.

Profitability

The company's net profit saw a significant boost, rising to ₹118.00 crore from ₹70.00 crore in the corresponding quarter last year, marking a 68.60% increase. This growth in profitability demonstrates Zelio E-Mobility's ability to effectively manage costs while expanding its operations.

Operational Efficiency

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the quarter stood at ₹152.70 crore, up from ₹92.50 crore in Q2 FY 2024-25, representing a 65.10% increase. This improvement in EBITDA indicates enhanced operational efficiency and cost management.

Margin Performance

While the company showed strong growth in absolute terms, there was a slight compression in the EBITDA margin. The EBITDA margin for Q2 FY 2025-26 was 11.45%, compared to 12.29% in the same period last year, a decrease of 84 basis points. This marginal decline may be attributed to factors such as increased input costs or investments in growth initiatives.

Company Outlook

The robust financial performance of Zelio E-Mobility reflects its strong market position in the electric vehicle sector. The significant revenue growth and improved profitability suggest that the company's products are gaining traction in the market. However, the slight decline in EBITDA margin indicates that the company may need to focus on maintaining operational efficiency as it scales up its operations.

As the electric vehicle market continues to expand, Zelio E-Mobility appears well-positioned to capitalize on the growing demand for sustainable transportation solutions. Investors and market observers will likely keep a close eye on how the company manages its growth trajectory while maintaining profitability in the coming quarters.