Zelio E Mobility Limited — Investor Presentation 2025

Nov 21, 2025

ZELIO E-MOBILITY LIMITED

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INVESTOR PRESENTATION
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Disclaimer

This presentation has been prepared by Zelio E-Mobility Limited (the “Company”) for informational purposes only and does not constitute or form part of any offer or invitation, or recommendation to purchase, subscribe for, or sell any securities of the Company, nor shall it or any part of it form the basis of, or be relied upon in connection with, any contract, commitment, or investment decision whatsoever.

The information contained herein is based on information, data, and estimates believed to be accurate and reliable as of the date of this presentation. However, the Company makes no representation or warranty, express or implied, as to the fairness, accuracy, completeness, or correctness of the information or opinions contained herein. The Company, its directors, officers, employees, advisors, or affiliates accept no responsibility or liability whatsoever for any loss, whether direct or indirect, arising from any use of this presentation or its contents or otherwise arising in connection therewith.

Certain statements in this presentation may be “forward-looking statements” within the meaning of applicable laws and regulations. These forward-looking statements involve known and unknown risks, uncertainties, and other factors, including but not limited to regulatory changes, market conditions, competitive developments, and general economic conditions, which may cause the actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such statements. Such forward-looking statements speak only as of the date of this presentation, and the Company assumes no obligation to update, revise, or supplement any such statements in light of new information, future events, or otherwise.

This presentation should not be regarded as a recommendation or as investment, legal, tax, or other advice to any recipient. Investors and readers should make their own independent evaluation of the Company and its business, including the risks involved, and should consult their own advisors before making any investment or other decisions in relation to the Company’s securities.

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TABLE OF CONTENT

No.	Section Title
1	Financial Performance Comparison
2	Message from the Managing Director’s Desk
3	About Zelio
4	India’s EV Revolution
5	Zelio: Profitable in India’s EV 2W Landscape in
6	Vision & Mission
7	India's EV Self-Reliance
8	Manufacturing Facility
9	Product Portfolio
10	Dealer Network
11	Geographically Diversified Revenue Mix
12	Leadership Team
13	Competitive Strengths
14	Business Strategies
15	Key Events and Milestones
16	Government Initiatives
17	Key Performance Indicators
18	Statement of Assets and Liabilities
19	Statement of Profit and Loss
20	Cashflow Statement

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Financial Performance Comparison

September 2024 vs September 2025

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Sept 2024 Sept 2025 Sept 2024 Sept 2025 Growth
Sept 2024 Sept 2025 Growth Growth
₹140 Cr 80% 77.11% ₹20 Cr 70% ₹12 Cr ₹11.82 Cr 70% 68.40%
₹133.32 Cr
65.08%
60%
₹120 Cr 60%
₹10 Cr
₹15.27 Cr
₹15 Cr
60%
₹100 Cr 50% 50%
₹8 Cr
₹7.02 Cr
₹80 Cr ₹75.28 Cr 40% 40%
40% ₹10 Cr ₹9.25 Cr ₹6 Cr
₹60 Cr 30% 30%
₹4 Cr
₹40 Cr 20% 20%
20% ₹5 Cr
₹2 Cr
₹20 Cr 10% 10%
₹0 Cr 0% ₹0 Cr 0% ₹0 Cr 0%
Sept 2024 Sept 2025 Growth Sept 2024 Sept 2025 Growth Sept 2024 Sept 2025 Growth
Revenue from Operations EBITDA Profit After Tax (PAT)
Financial figures are as per Unaudited Standalone Financial Statements H1 FY 26
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Key Highlights

Capital Structure:

The company completed its IPO in October 2025, raising ₹62.83 crores through the issuance of 46.20 lakh equity shares at ₹136 per share, which was listed on BSE SME platform on October 8, 2025.

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Strategic Expansion:

The company incorporated a wholly-owned subsidiary, Zelio Auto Components Limited, in May 2025, marking vertical integration efforts to strengthen the supply chain.

In addition to the plant currently under construction in Hisar, the Company is also planning to establish a new manufacturing facility in Odisha, to catalyst for faster scale, lower cost and nationwide expansion.

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Message from the Managing Director’s Desk

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Mr. Kunal Arya Managing Director

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It gives me great pleasure to present the financial results for the first half of FY26. This period has been one of steady progress, marked by healthy growth in revenues, improved operational efficiencies, and a continued focus on delivering value to our stakeholders.

In H1 FY26, the Company delivered strong performance with revenue of ₹133.32 crore (up 77% YoY), EBITDA of ₹15.27 crore (up 65% YoY), and PAT of ₹11.82 crore (up 68% YoY), reflecting consistent operational excellence. Zelio E- Mobility continues its journey of disciplined growth, profitability, and purpose-driven innovation.

In a short span of time, we have emerged as one of India’s fastest-growing electric mobility companies in Slow Speed EV Industry, manufacturing stylish slow-speed 2Ws and rugged 3Ws for Bharat and ranking among the top three players in the slow-speed EV 2W segment with over 70,000 units sold in the last three years.

Our progress is driven by customer trust, strong unit economics, and durable products—not aggressive marketing spends—and we remain one of the few EV companies in India to stay profitable since inception, delivering a robust PAT CAGR of ~124% since FY2023. Supported by a 335+ dealer network across 25+ states and a scalable manufacturing capacity of 1,20,000 units per annum, we continue to deepen our presence across Tier-2, Tier-3, and rural markets.

Over the past year, we have expanded manufacturing capabilities, enhanced localisation, strengthened R&D, and broadened our dealer footprint to deliver vehicles engineered specifically for Indian roads, weather conditions, and usage patterns.

Guided by our vision “Har Ghar Zelio,” we remain committed to scaling capacity, enriching our product portfolio, and upholding strong governance to create long-term, sustainable value. We extend our sincere gratitude to our shareholders, customers, dealers, employees, and partners for their continued trust and support as we work toward making clean mobility a widespread reality across Bharat.

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About Zelio

India’s fastest-growing electric mobility company manufacturing and supplying stylish slow speed 2Ws and rugged 3Ws for Bharat

Among top 3 players in slow speed EV 2W Industry

Achieved 3x growth in revenue since FY2023 (CAGR 84%)

70,000+ units sold in last 3 years (4-5 % Market Share)

One of the EV companies in India to remain profitable since inception, delivering a PAT CAGR of ~124% since FY2023

2 “Make in India” models | Tier-2 & 3 focused | Aligned with Aatmanirbhar mission

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335+

strong distribution network spread across 25+ states & UTs

Capacity 72,000 → 120,000 P.A. units (scalable in existing premises)

Key Metrics

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₹816.50Cr. Market Cap

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₹405.35Cr. CMP

₹172Cr. Revenue (FY25)

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85.75% RoE

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36.86% RoCE

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India’s EV Revolution: Low-Speed 2Ws Catching Up with HighSpeed Growth

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Speed Growth
Urban Market (Metro and Tier 1 Cities) High Speed E-2W FY28 E - 25 Lakh units Bharat Market (Tier 2 and Tier 3 Cities) Low Speed E-2W FY28 E - 17.57 Lakhs units High speed and Low speed Parallel Growth Curves Registering around 30% annual growth (CAGR) India’s evenly paced EV expansion across urban and Bharat markets	Year	High Speed EV 2W	Low Speed EV 2W	Market Share LS EV 2W
	2028 E	25.05	17.57	5-6 % (E) [1,00,000 Units]
	2027 E	19.27	13.52	5-6 % (E)
	2026 E	14.82	10.4	4-5 % (E)
	2025	11.4	8.02	4.8% [38,400 Units]
	2024	9.5	5.5	3.8% [20,900 Units]
	2023	7.3	4.5	2.4% [10,800 Units]
	2022	2.5	2.8	1.1% [3080 Units]
	*Zelio’s Estimate growth 35-40% CAGR
Scaling from - FY22: ~3,000 units ------------ FY28 E: 1,00,000 units with 500+ dealer network. As one of the few profitable EV players with a ~5% market share in slow speed EV industry, Zelio exemplifies sustainable, volume-led growth in India’s evolving EV landscape. Zelio strategically positioned at Slow-Speed EV segment

High speed and Low speed Parallel Growth Curves Registering around 30% annual growth (CAGR)

India’s evenly paced EV expansion across urban and Bharat markets

• SOURCE

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Zelio: A Profitable Outlier in India’s EV 2W Landscape

Valuation Comparison & Profitability Snapshot

As on 19 Nov, 2025

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₹18,645 Cr Market Cap

₹4,514 Cr ₹1,735 Cr ₹2,276 Cr Revenue EBITDA PAT

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₹24,700 Cr Market Cap

₹2,255 Cr ₹581 Cr ₹812 Cr Revenue EBITDA PAT

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₹816.50Cr. ₹172 Cr Market Cap Revenue

21 Cr. ₹16 Cr (12.2%) EBITDA PAT

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Financial figures are as on 31st March 2025

While leading EV peers like Ola and Ather continue to post EBITDA and PAT losses , Zelio distinguishes itself as a profitable EV manufacturer in India, maintaining strong growth momentum and resilient margins

Zelio offers a compelling value proposition — combining profitability, scalability, and affordability — at a fraction of the valuation of larger, loss-making competitors.

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Fueling the Next Growth Curve: Zelio’s Vision, Mission & Momentum

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VISION

We aims to be a benchmark brand in India’s slow-speed EV 2W segment , delivering reliable, high-quality vehicles backed by strong service support and trusted by housewives, students, and senior citizens across Tier-2 and Tier-3 cities .

Focused on accessible mobility and sustainable growth , Zelio targets a 35–40% CAGR in Business scale and Profitability, driven by no-license, no-registration EVs that promote customer delight, economic inclusion, and a greener future

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MISSION

To accelerate India’s transition to sustainable mobility by delivering reliable, highquality slow-speed 2W and 3W EVs ensuring easy adoption for every household. Guided by the spirit of Aatmanirbhar Bharat , we aim to strengthen domestic EV manufacturing, supply chain localization, and job creation, while delivering affordable innovation and nationwide mobility access

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Contributing in India's EV Self-Reliance

Building an Atmanirbhar EV Supply Chain From CKD assembler today → India-first manufacturer tomorrow

Zelio's commitment to quality aligns with Make in India's emphasis on world-class manufacturing standards

MANUFACTURING HUMAN RESOURCE 24,458.01 SM 190+ Employees FACILITY As on August 31, 2025

OBTAINED

ISO 9001:2015, 14001:2015, 45001:2018 CERTIFICATIONS

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Atmanirbhar Vision 2028

FY2025 FY2028 ~30% LOCALIZED 80% LOCALIZED 71.51% IMPORTS <20% IMPORTS

Strategic Benefits

Reduced forex risk and dependence on imports. Enhanced supply chain control and quality management. Cost optimization through local sourcing. Improved margins through manufacturing efficiencies.

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RECOGNIZED
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Manufacturing Facility

Corporate Office & Manufacturing Unit: Khewat No 510, 442, Hisar Road, Ladwa, Hisar-125006, Haryana, India

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CLICK TO TAKE A VIRTUAL TOUR OF OUR MANUFACTURING PLANT

Proposed Manufacturing unit: Patan, Hisar- 125120, Haryana, Cuttack, Odissa - 754025 India India

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PRODUCT PORTFOLIO

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EEVA ZX+ EEVA

COLORS

SPECIFICATIONS

POWER

SPECIFICATIONS

POWER

MILEAGE 60/90 KM/CHARGE

BATTERY

GEL BATTERY 12V/32AH/42AH LITHIUM (60V/30AH-74V/32AH)

TYRES & BRAKES

CENTER LOCK WITH (ANTI THEFT ALARM)

YES

USB PORT YES MOTOR 60/72V BLDC FOOT REST YES SPEED LOW SPEED KEYLESS DRIVE YES ELECTRICITY 1.5 UNIT/CHARGE TYRES & BRAKES BRAKE TYRES SUSPENSION FRONT : DISC BRAKE FRONT : 90-90 / 12 HYDRAULIC REAR : DRUM BRAKE REAR : 90-90 / 12

EEVA ECOLX

EEVA ECOZX

COLORS

SPECIFICATIONS

POWER

SPECIFICATIONS

MILEAGE 60/90 KM/CHARGE

POWER

BATTERY

GEL BATTERY 12V/32AH LITHIUM (60V/30AH)

CENTER LOCK WITH

TYRES & BRAKES

YES (ANTI THEFT ALARM) USB PORT YES MOTOR 48/60V BLDC FOOT REST YES SPEED LOW SPEED KEYLESS DRIVE YES ELECTRICITY 1.5 UNIT/CHARGE TYRES & BRAKES BRAKE TYRES SUSPENSION FRONT : DRUM BRAKE FRONT : 90-90 / 12 HYDRAULIC REAR : DRUM BRAKE REAR : 90-100 / 10

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X MEN
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SPECIFICATIONS

POWER

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X MEN 2.0
COLORS
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SPECIFICATIONS

POWER

MILEAGE 60/90 KM/CHARGE BATTERY GEL BATTERY (60/72V-32AH) LITHIUM (60V/30AH) CENTER LOCK WITH YES (ANTI THEFT ALARM) USB PORT YES MOTOR 60/72V BLDC FOOT REST YES SPEED LOW SPEED KEYLESS DRIVE YES ELECTRICITY 1.5 UNIT/CHARGE

TYRES & BRAKES

TYRES & BRAKES

BRAKE TYRES SUSPENSION FRONT : DISC BRAKE FRONT : 90-90 / 12 HYDRAULIC REAR : DRUM BRAKE REAR : 90-100 / 10

LEGENDER

SPECIFICATIONS

POWER

TYRES & BRAKES

GRACY LITTLE

SPECIFICATIONS

POWER

TYRES & BRAKES

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TANGA-BUTTERFLY TANGA-FINE
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Superior Mileage	Digital Meter	Heavy Duty Chassis	Music System	Alloy Wheels
High & Low Beam Headlights	Best Battery	Best Shockers	DRL	Best Bumper

Product-Wise Revenue Bifurcation (FY23–FY25)

Segment	FY23 Revenue (₹ Lakhs)	% of Total Revenue	FY24 Revenue (₹ Lakhs)	% of Total Revenue	FY25 Revenue (₹ Lakhs)	% of Total Revenue
E-2Ws	4,918.90	95.98%	9,173.84	97.16%	16,620.80	96.53%
3Ws	268.66	2.84%	276.51	1.60%	321.63	1.87%
Others*	206.17	4.02%	268.66	2.84%	276.51	1.60%
Total	5,125.07	100%	9,442.50	100%	17,218.94	100%

*Includes Battery, Spare Parts, Chargers, Battery wire, wiper blade, front turning light, light, tyer etc.

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Dealer Network

Strategic Expansion

Dealer network has grown more than 3x since FY21 (from 94 to 337+)

Quarterly onboarding drives to scale network with market demand

Focused growth in Tier II/III and emerging EV markets

Partner Success Model

Comprehensive training & support for all dealer partners Integrated portal for sales, inventory, and after-sales service tracking

Fast response service and warranty support

Vision Forward

Targeting 500+ dealers by FY27 with presence in every major district of India

Dealer-centric digital platforms to empower partners and improve efficiencies

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J&K (2)
Punjab (28)
UK (9) Assam (1)
Haryana (50)
Bihar (15)
UP (71)
Rajasthan (17)
Gujarat (27)
Tripura (8)
West Bengal (9)
Madhya Pradesh (23)
Jharkhand (7)
Maharashtra (14)
Odisha (13)
Chhattisgarh (9)
Karnataka (8)
Telangana (8)
Kerela (2) Andhra Pradesh (6)
Tamil Nadu (10)
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Geographically Diversified Revenue Mix

Rs. In Lakhs

Top 10 States by Revenue Contribution	Top 10 States by Revenue Contribution	Top 10 States by Revenue Contribution	Top 10 States by Revenue Contribution	Top 10 States by Revenue Contribution	Top 10 States by Revenue Contribution	Top 10 States by Revenue Contribution
State	FY25 Revenue	% of Total Sales	FY24 Revenue	% of Total Sales	FY23 Revenue	% of Total Sales
Haryana	4,536.15	26.34%	3,910.01	41.41%	2,826.33	55.15%
Uttar Pradesh	2,075.23	12.05%	1,012.52	10.72%	280.49	5.47%
Gujarat	1,712.17	9.94%	315.77	3.34%	15.22	0.30%
West Bengal	1,707.91	9.92%	964.97	10.22%	686.55	13.40%
Madhya Pradesh	1,603.58	9.31%	494.75	5.24%	85.53	1.67%
Punjab	1,437.26	8.35%	925.65	9.80%	657.27	12.82%
Odisha	897.7	5.21%	853.74	9.04%	175.35	3.42%
Rajasthan	713.22	4.14%	275.75	2.92%	119.27	2.33%
Maharashtra	347.72	2.02%	197.1	2.09%	155.93	3.04%
Jharkhand	293.94	1.71%	66.82	0.71%	-	-
Total	15324.88	88.99%	9017.08	95.49%	5001.94	97.60%

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Leadership Team

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Mr. Niraj Arya Mr. Kunal Arya Chairman & Whole Time Director Managing Director Experience: 18 years Experience: 5 years

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Mr. Deepak Arya Whole Time Director Experience: 12 years

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Ms. Sayuri Arya Non-Executive Director Experience: 1.5 years

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Competitive Strengths

Experienced Promoters with senior management backed by marketing team

Geographically Diversified customer base

As of March 31, 2025 and FY ending 2023-24, 2022-23 and 2021-22, contributing 88.99%, 95.49%, 97.60% and 100.00% of total revenue from sales in top 10 geographical regions

Promoters and senior management are backed by in-house sales and marketing team of 21 employees as on August 31, 2025

Proven track record of Financial Success

Bharat Focus (An Untapped Market)

Revenue grew from Rs.5,125.10 lakhs in FY 2023 to Rs. 17,218.94 lakhs in 2025. EBITDA rose from Rs .401.91 lakhs to Rs. 2,102.03 lakhs, with margin improving from 7.84% to 12.21%. PAT increased from Rs. 305.53 lakhs to Rs. 1,600.85 lakhs over the same period

Aggressively expanding in Tier-II and Tier-III towns across India. Among the most recognized affordable EV brands in Northern & Eastern India. Dealer presence strategically scaled every quarter to unlock new local markets.

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Business Strategies

EXPAND OUR MANUFACTURING FACILITY

Company is committed to expanding its manufacturing capabilities, For pursuing the same, land has been acquired via a 10-year lease agreement, dated February 13, 2025

EXPANSION OF OUR GEOGRAPHICAL FOOTPRINT

Through geographic diversification, aim to mitigate operational risks associated with overreliance on specific regions

SCALE UP BRANDING AND PROMOTIONAL ACTIVITIES

Intend to continue marketing initiatives through regular participation in national level exhibitions, regular visit in international trade fairs, sales & promotional videos

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Key Events and Milestones
OCT 01, 2021 2023-24
Incorporation of Crossed Revenue of
the Company 50 Crores<br>Received Test Report for initial Crossed Revenue of<br>Models of E-Scooters EEVA & Gracy 90 Crores
JULY 15, 2021 2022-23
Conversion of Company from Private Ltd. or Received ICAT Certificate for our First
Limited Company i.e. Zelio E-Mobility Ltd. High Speed E-Scooter - Mystery
Nov 21, 2024 May 08, 2024
Change in name of Compay from Zelio Auto
Received ICAT Certificate for E-Rickshaw
Private Limited to Zelio E-Mobility Private Limited
under own Brand Name - Tanga
Nov 29, 2024 June 07, 2024
Feb 07, 2025
Received ICAT Certificate for E-Rickshaw Executed Lease Deed for Setting up of Proposed
under own Brand Name - Tanga ELoader Manufacturing Unit at Patan, Hisar, Haryana
Received ISO 9001:2015.
Listed on
ISO 14001:2015 and ISO 45001:2018
Dec 19, 2024 Feb 13, 2025 8 Oct 2025
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Government Initiatives

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The Government has reaffirmed its commitment towards EVs and its mission for 30% electric mobility by 2030

Budget announced customs duty exemption on the import of capital goods and machinery required for the manufacture of lithium-ion batteries

FAME II for EV Scheme was Commenced on 1st April 2019 with a total budgetary support of US$ 1.43 billion (Rs. 10,000 crore), 30% procurement of manufactured or processed products must be from SMEs

Why the Sunrise Industry Future is

Evolving Customers

One of India’s fastest-growing industries with 20x growth in the last 5 years Projected to reach 80% market penetration by 2030

Major shift from conventional ICE (Internal Combustion Engine) vehicles to personal modern electric vehicles New 2W EV sales are forecast to reach 1.2 crore units and $20B valuation by 2030

EV?

As of December 2023, EV manufacturers received a subsidy of US$ 637 million (Rs. 5294.00 crore) for selling 11,79,669 electric vehicles under Phase-II of the FAME India Scheme

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Electric Mobility Promotion scheme: Scheme supports 3,72,215 EVs, comprising 3,33,387 e-2Ws, and 38,828 e-3Ws (including 13,590 rickshaws & e-carts and 25,238 e- 3Ws in L5 category), offering incentives exclusively for advanced battery-equipped vehicles

Higher Penetration

EVs have already achieved 7% of total vehicle sales New electric 3W sales now exceed 50% penetration as of 2024

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Key Performance Indicators

(₹ In Lakhs except percentages and ratios)

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Revenue From Operations EBITDA & EBITDA Margin PAT & PAT Margin
17,218.94
2102.02 1600.84
12.20% 9.29%
9,442.5
875.53
630.88
9.27%
6.68%
401.9 305.53
5,125.07
7.84% 5.96%
2022-23 2023-24 2024-25 2022-23 2023-24 2024-25 2022-23 2023-24 2024-25
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Key Performance Indicators

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(₹ In Lakhs except percentages and ratios)
RoE (%) RoCE (%) Net Worth
2,667.39
108.00% 36.86%
34.84%
1,066.55
85.75%
83.99%
435.67
29.61%
2022-23 2023-24 2024-25 2022-23 2023-24 2024-25 2022-23 2023-24 2024-25
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	Particulars Sep 30th 2025 Sep 30t 2024 31st March 2025 (Un-Audited) Audited Audited I. Equity & Liabilities (a) Share Capital 1,653.00 3.00 1653.00 (b) Reserves & Surplus 2,196.47 1,768.15 1014.40 Total Equity 3,849.47 1,771.15 2667.40 Non-current Liabiities (a) Long-term Borrowings 899.23 746.93 866.90 (b) Long-term Provisions 24.72 8.24 14.26 (C) Other Non Current Liabilities 27.50 - - Total Non-Current Liabilities 951.45 755.17 881.16 (a) Short-term Borrowings 1,810.79 1,450.12 2,200.62 (b) Trade payables (A) A total outstanding dues of micro enterprises & small enterprises 212.52 187.02 70.59 (B) Total outstanding dues of creditors other than micro enterprises & small enterprises 774.38 725.42 266.42 (c) Short Term Provisions 56.53 124.49 57.83 (d) Other Current Liabilities 626.10 375.38 435.21 Total Current Liabilities 3,480.32 2,862.43 3,030.67 Total Liabilities 8,281.24 5,388.75 6,579.23 Statement of Assets and Liabilities Rs. In Lakhs
	Particulars		Sep 30th 2025	Sep 30t 2024	31st March 2025
			(Un-Audited)	Audited	Audited
	I. Equity & Liabilities
	(a) Share Capital		1,653.00	3.00	1653.00
	(b) Reserves & Surplus		2,196.47	1,768.15	1014.40
	Total Equity		3,849.47	1,771.15	2667.40
	Non-current Liabiities
	(a) Long-term Borrowings		899.23	746.93	866.90
	(b) Long-term Provisions		24.72	8.24	14.26
	(C) Other Non Current Liabilities		27.50	-	-
	Total Non-Current Liabilities		951.45	755.17	881.16
	(a) Short-term Borrowings		1,810.79	1,450.12	2,200.62
	(b) Trade payables
	(A) A total outstanding dues of micro enterprises & small enterprises		212.52	187.02	70.59
	(B) Total outstanding dues of creditors other than micro enterprises & small enterprises		774.38	725.42	266.42
	(c) Short Term Provisions		56.53	124.49	57.83
	(d) Other Current Liabilities		626.10	375.38	435.21
	Total Current Liabilities		3,480.32	2,862.43	3,030.67
	Total Liabilities		8,281.24	5,388.75	6,579.23

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Statement of Assets and Liabilities

Rs. In Lakhs

	Particulars	Particulars	Sep 30th 2025	Sep 30t 2024	31st March 2025
			(Un-Audited)	Audited	Audited
	II. ASSETS
	Property, Plant & Equipment		829.24	852.31	831.6
	Capital Work in Progress		843.04	118.78	383.77
	Non Current Investment		10.00	-	-
	Deferred tax assets (net)		17.06	5.44	14.31
	Other non-current assets		278.07	269.60	271.63
	Total Non-current Assets		1,977.41	1,246.13	1,501.31
	Inventories		3,949.05	3,032.67	3,161.88
	Trade receivables		188.08	134.59	472.54
	Cash and cash equivalents		36.84	12.66	31.65
	Short-term loans and advances		2,084.73	962.70	1,411.85
	Other Current Assets		45.12	-	21.19
	Total Current Assets		6,303.82	4,142.62	5,077.92
	TOTAL ASSETS		8,281.24	5,388.75	6,579.23

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Statement of Profit and Loss

Rs. In Lakhs

	Particulars	Particulars	Sep 30th 2025	March 31st 2025	Sep 30th 2024	31st March 2025
			(Un-audited)	(Un-audited)	(Audited)	(Audited)
	Income
	Revenue from operations		13,332.43	9690.96	7527.98	17,218.94
	Other income		97.86	84.78	75.92	160.7
	Total income		13430.29	9775.74	7603.90	17,379.64
	Expenses
	Cost of material consumed		9989.41	7706.7	5900.26	13,606.96
	Direct expenses		413.45	274.69	185.73	460.42
	Changes in inventories		254.48	283.88	84.21	368.09
	Employee benefit expenses		351.52	305.71	253.63	556.15
	Finance costs		125.18	99.35	88.30	187.65
	Depreciation & amortization		65.67	75.86	64.82	140.68
	Other expenses		796.51	510.01	347.17	857.18
	Total expenses		11996.22	8688.44	6755.70	15,440.96
	Profit Before Tax		1434.07	1087.3	848.20	1,938.69
	Current tax		254.75	199.93	155.30	355.05
	Deferred tax		-2.75	-8.88	-9.06	-17.21
	Profit After Tax (PAT)		1182.07	896.25	701.96	1,600.85
	Basic/Diluted EPS (₹)		7.15	5.42	3.00	9.68

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Cashflow Statement

Rs. In Lakhs

	Particulars	Particulars	Sep 30th 2025	Sep 30t 2024	31st March 2025
			(Un-Audited)	Audited	Audited
	A. Cash Flow from Operating Activities
	Profit before tax		1,434.07	848.20	1,935.50
	Adjustments for:
	Finance cost		125.18	88.30	187.65
	CSR Provision		10.17	4.30	-
	Depreciation		65.67	64.82	140.68
	Gratuity provision		10.36	8.39	10.42
	Warranty provision		11.61	30.11	34.44
	Interest income on FDR		0.14	0.09	0.27
	Loss due to theft		-	3.72	3.72
	Operating profit before working cap changes		1,656.92	1,047.75	2,315.33
	Change in inventories		787.17	1,684.28	1,813.49
	Change in trade receivables		284.46	26.29	311.66
	(Increase)/Decrease in Other Current Asset		-23.93	-	-21.19
	Change in short-term advances		581.80	445.31	893.39
	Change in other non-current asset		6.44	268.06	270.08
	Change in trade payables		649.89	636.66	61.23
	Change in provisions/other current liabilities		190.89	259.22	322.6
	Direct taxes paid		-390.00	-128.16	-367.17
	(Increase)/Decrease in other Non Current liabilities		27.50	-	-
	(Increase)/Decrease in Short Term Provisions		-	31.11	3.45
	Net cash from operating activities (A)		1,020.32	524.48	956.63

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Cashflow Statement

Rs. In Lakhs

	Particulars	Particulars	Sep 30th 2025	Sep 30t 2024	31st March 2025
			(Un-Audited)	Audited	Audited
	B. Cash Flow from Investing Activities
	Purchase of fixed assets		-522.59	-166.36	-486.5
	Investments in Subsidiary Companies		-10.00	-	-
	Interest income		0.14	0.09	0.27
	Net cash used in investing (B)		-532.45	-166.27	-486.23
	C. Cash Flow from Financing Activities
	Proceeds from secured long-term borrowings		174.39	145.60	245.81
	Repayment of unsecured long-term borrowings		-93.14	2.94	-188.62
	Proceeds/repayment from short-term borrowings		-438.75	637.93	1,398.60
	Finance charges paid		-125.18	-88.30	-187.65
	Net cash from financing (C)		482.68	698.17	1,469.27
	Net increase/(decrease) in cash (A+B+C)		5.19	7.42	26.41
	Opening cash and cash equivalents		31.65	5.24	5.24
	Closing cash and cash equivalents		36.84	12.66	31.65

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DISCLAIMER

This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute a prospectus, placement memorandum, or an offer to acquire any securities. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, or correctness of the information or opinions contained herein. The information contained in this presentation is current only as of its date. This presentation contains statements that include “forward-looking statements,” including, but not limited to, statements relating to the implementation of strategic initiatives and other statements regarding the future business development and economic performance of Zelio E-Mobility Limited. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties, and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental, and regulatory trends; movements in currency exchange and interest rates; competitive pressures; technological developments; changes in the financial condition of third parties dealing with us; legislative developments; and other key factors that could affect our business and financial performance. We undertake no obligation to publicly revise any forward-looking statements to reflect future events or circumstances. This presentation cannot be copied or disseminated in any manner. No person is authorized to give any information or make any representation not contained in or consistent with this presentation, and if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of Zelio E-Mobility Limited.