Zelio E-Mobility H1 Profit Rises About 164% to Rs 31.39 Crore

Zelio E-Mobility, a listed maker of electric two-wheelers based in Hisar, Haryana, reported a consolidated net profit of Rs 31.39 crore for the first half of FY27 (April to September 2026). That is about 164% more than the Rs 11.87 crore it earned in the same half of the previous year. The company's board approved the unaudited results on November 13, 2026.

Revenue from operations rose about 120% to Rs 296.66 crore, from Rs 134.78 crore a year earlier. With other income of Rs 3.09 crore, total income came to Rs 299.76 crore. Total expenses rose to Rs 261.49 crore from Rs 121.36 crore, and profit before tax rose to Rs 38.26 crore from Rs 14.41 crore.

Zelio E-Mobility H1 FY27 at a glance

Raw materials drove most of Zelio's higher costs

The cost of materials consumed was the biggest expense for Zelio E-Mobility in the half year. It rose about 126% to Rs 231.43 crore, from Rs 102.39 crore a year earlier.

The company's profit for the first half of FY27 was already higher than its full-year profit of Rs 28.39 crore for FY26.

Zelio E-Mobility's factories and dealer network

Zelio E-Mobility was founded in 2021, and Kunal Arya is one of its founders. It sells low-speed electric scooters and has more than 300 dealers across more than 25 states. It runs manufacturing units at Ladwa and Patan in Hisar district, Haryana, and near Cuttack in Odisha.

A plant in Coimbatore, Tamil Nadu, was opened in July 2026, and the company's annual production capacity after this expansion is put at about 2.4 lakh units. The company's shares were listed on the BSE SME platform on October 8, 2025, after an IPO priced at Rs 136 per share.

Zelio's planned share and warrant issue of about Rs 168 crore

In its results filing, Zelio E-Mobility said its board approved two preferential issues during the half year. The first is up to 9.73 lakh equity shares for about Rs 83 crore, and the second is up to 9.96 lakh convertible warrants for about Rs 85 crore, together worth about Rs 168 crore. The company said shareholders approved both at an extraordinary general meeting on October 20, 2026, and that the proposals had no impact on its results for the half year.

Where Zelio E-Mobility stands after its first half of FY27

Zelio E-Mobility more than doubled both its revenue and its profit in the first half of FY27, with net profit at Rs 31.39 crore on revenue of Rs 296.66 crore. Its profit for these six months alone was higher than its Rs 28.39 crore profit for all of FY26. The company sells through more than 300 dealers and opened its Coimbatore plant in July 2026.

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