ECO Mobility Reports 16.7% YoY Revenue Growth in Q1 FY27; Trip Volumes Rise 27% and Active Client Base Expands 18%
ECOS (India) Mobility & Hospitality Limited, one of the largest chauffeur-driven managed mobility providers to corporates in India, announced its unaudited financial results for the first quarter of financial year 2026-27 ended on June 30th, 2026.
Financial Performance
- Revenue from Operations: ₹2,113.72 Mn, up 16.7% YoY and 2.23% QoQ.
- Total Revenue: ₹2,151.20 Mn.
- EBITDA: ₹218.47 Mn, slightly down YoY (–0.32%) and QoQ (–9.54%).
- EBITDA Margin: 10.34% vs. 12.07% last year.
- PAT: ₹145.50 Mn, up 9.5% YoY, but down 7.54% QoQ.
- EPS: ₹2.42, up YoY but lower sequentially.
- Cash & Investments: ₹1,558 Mn, reflecting strong liquidity and low leverage.
Operational Highlights
- Trips: ~1.48 million completed, up 27% YoY and 7% QoQ.
- Client Growth: 61 new clients added, active base now ~1,400 (up 18% YoY).
- Geographic Reach: Expanded to 151 cities in India, plus network in 100+ countries.
- Fleet: ~19,550 vehicles (up 29% YoY), asset-light model maintained.
- EV Fleet: Increased to 460 vehicles (from 390 in Q4 FY26).
- Customer Loyalty: 51% of revenue from clients associated for 5+ years.
Strategic Developments
- Technology Upgrade: Major platform enhancements for scalability and customer experience.
- SIXT Partnership: Early traction under exclusive India GSA arrangement.
- Leadership Expansion: Strengthened management bandwidth ahead of growth phase.
- Dividend: Board recommended final dividend of ₹2.38 per share for FY26.
Outlook
ECO Mobility is focused on:
- Adding high-quality enterprise relationships.
- Deepening engagement with existing clients.
- Selectively expanding into new markets.
- Scaling with disciplined profitable growth and improved efficiency.
This quarter shows robust demand growth (trip volumes +27%) and client expansion, though margins tightened due to higher costs and mix changes. The company’s tech investments and EV fleet growth signal a push toward sustainability and scalability.
