Electric vehicle manufacturer Zelio E-Mobility reported a substantial increase in profitability for the first half of the 2026-27 fiscal year, reflecting the company’s rapid expansion within the sector. The BSE SME-listed firm announced a consolidated net profit of ₹31.4 crore for the period ending September 2026.
Financial Performance Overview
The latest figures represent a 164.3% increase compared to the ₹11.9 crore profit recorded during the same period in the previous fiscal year. This growth also marks a 90.1% rise from the ₹16.5 crore profit Zelio E-Mobility posted in the second half of the 2025-26 fiscal year.
The company’s operating revenue followed a similar upward trajectory, climbing 120% to ₹296.7 crore in the first half of FY27, up from ₹134.8 crore in the corresponding period last year. When including other income of ₹3.1 crore, the company’s total revenue for the period reached ₹299.8 crore.
Operational Costs and Taxation
While revenues increased, the company’s operational expenditures also rose significantly. Total expenses more than doubled during the half-yearly period, reaching ₹261.5 crore compared to ₹121.4 crore in the first half of the previous fiscal year.
Tax obligations for the period totaled ₹6.9 crore. Of that amount, ₹6.6 crore was attributed to current tax expenditure, while the remaining ₹23.2 lakh was allocated to deferred taxes.
Why it matters: Zelio E-Mobility’s financial results highlight the accelerating growth of the electric vehicle market, even as companies face rising operational costs. For investors and industry analysts, the company’s performance offers insight into the scalability of SME-listed EV manufacturers as they navigate increased demand and higher expenditure requirements.