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Earnings Call

Zelio E-Mobility Earnings Call: Key Takeaways

Zelio E-Mobility reported strong FY26 performance with ₹313cr revenue and ₹28.39cr PAT, transitioning from a private startup to a listed EV manufacturer.

Why this was an Alfa AlertManagement explicitly guides to >75-80% YoY revenue growth for the next single year (FY27), exceeding the 50% threshold.
Highlights
Revenue growth81.8% in FY26; 121% 4-year CAGR.
MarginsEBITDA margin 12.2%; PAT margin 9.1% and stable.
Demand visibilityStrong low-speed segment growth (20-25% industry rate).
Management confidenceHigh; emphasizing 100% profitability since inception.

Growth

FY26 revenue grew 81.8% YoY to ₹313cr; PAT compounded at 124% CAGR since FY23. Unit sales reached 70,000+.

Outlook

Guidance of 75-80% revenue growth for FY27; unit target >125,000. Expanding to 4 plants and 550+ dealers.

Risks

Low awareness of EV benefits; dependency on foreign technical components; competitive high-speed segment; monsoon impacts on rural income.

Last quarter's promises, checked

Delivered

  • Guided H1 FY26 Rev ₹134.78cr → delivered ₹134.78cr (= BEAT)
  • Guided H1 FY26 EBITDA ₹15.36cr → delivered ₹15.36cr (= BEAT)
  • Guided H1 FY26 PAT ₹11.8cr → delivered ₹11.8cr (= BEAT)

Partly delivered

  • Guided FY26 Revenue ₹260-280cr → delivered ₹313cr (= BEAT)
  • Guided 3-wheeler FY26 target 1,000 units → delivered 400 in H1 (= PARTIAL)
Source

Earnings Call filed with BSE, BSE: 544563. Summary written with AI assistance from the document.

Read the document ↗

Zelio E-Mobility Ltd: key numbers

Share price
₹1,056.90
Market cap
₹2,235 Cr
Revenue (annual)
₹310.7 Cr
Net profit (annual)
₹28.39 Cr
P/E (TTM)
78.8×Sector 33.6×
Promoter holding
72.77%
FII holding
0.09%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Zelio E-Mobility Ltd

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18:33 IST BSE
Fund Raise

Zelio E-Mobility Fund Raise of ₹168 Cr

Zelio E-Mobility's board approved a preferential issue of equity shares and convertible warrants, aggregating to ₹167.96 Crore, to raise capital for the company's requirements.

Value
₹168.0 Cr
18:18 IST BSE
Board Meeting Date

Zelio E-Mobility Board Meeting Date

Zelio E-Mobility Ltd has scheduled a Board meeting for September 23, 2026, to consider raising funds through equity shares and/or warrants.

21:31 IST BSE
Other Announcement

Zelio E-Mobility Other Announcement

Zelio E-Mobility notified shareholders of the availability of its FY 2025-26 Annual Report and 5th AGM Notice via the company's website, adhering to regulatory requirements.

20:59 IST BSE
Annual General Meeting

Zelio E-Mobility Annual General Meeting

Zelio E Mobility Limited scheduled its 5th Annual General Meeting for September 30, 2026. The company also published its Annual Report for FY 2025-26.

20:05 IST BSE
Board Meeting Outcome

Zelio E-Mobility Board Meeting Outcome

Zelio E-Mobility's board approved the FY26 Board Report, management re-appointments, and increased borrowing and investment limits up to ₹1,000 Crores, subject to shareholder approval.