Zelio E-Mobility reports H1 FY27 net profit of ₹31.4 Cr on ₹296.7 Cr revenue

BSE SME-listed electric vehicle maker Zelio E-Mobility reported a consolidated net profit of ₹31.4 Cr in the first half (H1) of FY27, up 164.3% from ₹11.9 Cr in H1 FY26. Against H2 FY26, when net profit was ₹16.5 Cr, the bottom line rose 90.1%.

Operating revenue grew 120% to ₹296.7 Cr in H1 FY27 from ₹134.8 Cr a year earlier. Sequentially, it rose 68.3% from ₹175.9 Cr in H2 FY26.

Including other income of ₹3.1 Cr, total revenue for the half-year ended September 2026 stood at ₹299.8 Cr. Total expenses more than doubled to ₹261.5 Cr from ₹121.4 Cr in H1 FY26.

Zelio E-Mobility, founded in 2021 by Neeraj Arya, makes electric scooters at its factory in Hisar. It primarily operates in the low-speed, non-RTO electric scooter segment.

The company sells in over 25 states through a network of more than 300 dealers. It runs manufacturing units in Ladwa, Hisar, Alarpur and Cuttack, and inaugurated a plant in Coimbatore in July to lift annual capacity to 2.4 Lakh units.

The company’s board approved a proposal in September to raise up to ₹167.9 Cr through a preferential issue of equity shares and convertible warrants. Shareholders cleared the fundraise at an extraordinary general meeting last month. Zelio shares closed 5% higher at ₹1,127.15 on the BSE on Friday.