Zelio E-Mobility Ltd
Zelio E-Mobility Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY26 revenue expected between INR 260 to 280 crores, with H1 at INR 134.78 crores (80% YoY growth). FY26 revenue expected between INR 260-280 crores, with EBITDA and PAT margins hoped to remain constant.
From Zelio E-Mobility Ltd's Q2 FY26 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- FY26 revenue expected between INR 260 to 280 crores, with H1 at INR 134.78 crores (80% YoY growth).
- FY26 sales volume target for 2-wheelers: over 60,000 units.
- FY27 sales volume target for 2-wheelers: approximately 1 lakh units; for 3-wheelers: around 3,000 units.
- FY27 revenue projection: approximately INR 400 to 450 crores.
- Long-term goal to double revenue annually, targeting 20%-25% market share in slow-speed EV 2-wheeler segment.
- Expansion with new plants in Odisha and Patan to increase capacity and improve logistics, reducing costs and enhancing margins.
- Focus on expanding dealer network, R&D, and product line to sustain growth.
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Profitability & Margins
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Capital Expenditure Plans
- Current capex includes less than INR 3 crores investment in the Odisha plant focused on 2-wheeler assembly.
- A new 3-wheeler manufacturing plant in Patan (Hisar) is under construction and expected to be operational by April 2026, with capacity increasing from 2,000 units to 24,000 units annually.
- Future capex will be planned for geographic expansion and setting up additional manufacturing facilities as needed.
- The company raised funds through IPO to support the Patan plant and future capex requirements.
- Capex for the Odisha 2-wheeler plant is primarily for assembly, requiring lower investment, supported by government subsidies.
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Frequently Asked Questions
What were Zelio E-Mobility Ltd Q2 FY26 results?
FY26 revenue expected between INR 260 to 280 crores, with H1 at INR 134.78 crores (80% YoY growth). FY26 revenue expected between INR 260-280 crores, with EBITDA and PAT margins hoped to remain constant.
What is Zelio E-Mobility Ltd share price analysis?
Zelio E-Mobility Ltd currently shows a neutral. The stock trades at a P/E of 59.2 with a market cap of ₹1,659 Cr. Investors should review the full earnings analysis for detailed insights.
Is Zelio E-Mobility Ltd planning capital expenditure?
Current capex includes less than INR 3 crores investment in the Odisha plant focused on 2-wheeler assembly.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.