Quarterly Result12 Jan 2026, 10:54 pm
Zelio E-Mobility's Q3 Revenue Surges 67%, Capacity Expanded by 70%
AI Summary
Zelio E-Mobility Limited, a leading player in the slow-speed electric vehicle (EV) segment in India, reported a strong operational and financial performance for the quarter ended 31 December 2025. The company recorded a 67% year-on-year revenue growth in Q3 FY 2025-26, driven by robust festive demand, an expanding dealer footprint, increasing brand acceptance in Tier-2 and Tier-3 markets, and disciplined execution. The company's revenue increased from ₹29.6 crore in Q1 FY 2024-25 to ₹291.6 crore in Q3 FY 2025-26. Zelio also expanded its existing capacity by 70% to over 1,20,000 units per annum with a projected FY 2025-26 capacity utilization of 85%.
Key Highlights
- Q3 revenue growth of 67%
- Existing capacity expanded by 70% to over 1,20,000 units per annum
- Strong Diwali season performance with 13,566 units sold (up 74% YoY) and revenue of ₹59 crore (up 64% YoY)
- Proposed Odisha manufacturing facility targeted to commence commercial operations from February 2026
- Evaluation of a potential manufacturing / assembly facility in Southern India