Please find attached herewith the Earnings Call Transcript with respect to the Investor/ Analyst call held on May 29, 2026
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Zelio E-Mobility's Managing Director Kunal Arya shared FY26 results: consolidated revenue of INR313 crores (81.8% YoY growth), EBITDA of INR38.01 crores at 12.2% margin, and PAT of INR28.39 crores at 9.1% net margin. Revenue CAGR over 4 years is ~121%, with the company profitable every year since inception. Capacity expanded from 72,000 to 240,000 units across four plants (Ladwa, Cuttack, Patan, Coimbatore), with units sold crossing 70,000 in FY26. Management guided FY27 targets of 125,000+ units, 550+ dealers across 25 states, and 2,000+ three-wheeler units. Arya committed to sustaining 75-80% YoY revenue growth and expanding market share in the low-speed EV segment (8-10 lakh units annually) to over 20% in 2-3 years. Debt-to-equity stands at a comfortable 0.18x with a current ratio of 3.4x.
Strong FY26 print and forward guidance of 75-80% revenue growth, expanding margins, and unit scaling to 125,000 in FY27 signal continued momentum for shareholders. Investors should note the heavy reliance on low-speed EV segment exposure and that expansion into three-wheelers and South India are still early-stage execution risks.