ECO Mobility Reports 16.7% YoY Revenue Growth in Q1 FY27; Active Client Base Expands by 18%
Delhi, August 11, 2026: ECOS (India) Mobility & Hospitality Limited ('ECO Mobility') announced its unaudited financial results for the first quarter of financial year 2026-27, which ended on June 30, 2026. The company, a major provider of chauffeur driven managed mobility solutions to corporates in India, reported strong operating momentum across key metrics during the quarter.The company reported that revenue from operations grew by 16.7% year-on-year (YoY), while trip volumes increased by 27%. ECO Mobility added 61 new clients during the period, expanding its active client base to approximately 1,400. Furthermore, the company enhanced its pan-India presence, extending operations across 151 cities.
Mr. Rajesh Loomba, Chairman and Managing Director of ECO Mobility, stated that while margins reflected changes in business mix and operating cost environment during the quarter, the company remains dedicated to disciplined profitable growth and improving operating efficiency as it scales. He noted that the company continued strengthening its technology platform, launching a new technology for CCR and making progress on its SIXT partnership, which expands customer service capabilities within their core enterprise business focus.
The key financial summary for ECO Mobility during Q1 FY27 compared to previous periods is detailed in the table below:
| Particulars | Q1 Fy27 | Q1 FY26 | YoY% | Q4 FY26 | QoQ% |
|---|---|---|---|---|---|
| Total Revenue | 2151.20 | 1,839.94 | 16.91% | 2,103.78 | 2.25% |
| Revenue from Operations | 2,113.72 | 1,811.19 | 16.70% | 2,067.60 | 2.23% |
| EBITDA (Excl Other Income) | 218.47 | 219.18 | (0.32%) | 241.53 | (9.54%) |
| EBITDA Margin (%) | 10.34% | 12.07% | (173)bps | 11.68% | (134) bps |
| Profit after Tax (PAT) | 145.50 | 132.87 | 9.50% | 157.37 | (7.54%) |
| PAT Margin (%) | 6.76% | 7.22% | (46) bps | 7.48% | (72) bps |
| EPS (%) | 2.42 | 2.21 | 9.5% | 2.63 | (8.0%) |
The company’s operations for the quarter saw Revenue from Operations stand at 2,113.72 Mn, reflecting a 16.70% YoY growth and a 2.23% sequential growth. Profit After Tax (PAT) for Q1 FY27 was 145.50 Mn, showing a 9.50% increase YoY but a decrease of (7.54%) QoQ. Furthermore, Cash and investments stood at 1558 Mn as of June 30, 2026, indicating a solid balance sheet with low leverage.
Operational Highlights
The company recorded the completion of approximately 1.48 million trips during the quarter, representing roughly a 27% growth YoY and 7% QoQ. ETS contributed 59% of revenue, while CCR accounted for 41%. Onboarding activities included adding 61 new clients, compared to 53 in Q1 FY26.
Expanding its footprint, ECO Mobility added 20 new cities during the quarter, bringing its total pan-India presence to 151 cities. Internationally, the company operates a network spanning over 100 countries. The combined owned and vendor operated fleet grew to approximately 19,550 vehicles as of June 30, 2026, marking a rise of about 29% from the previous year. The EV fleet increased to 460 vehicles from 390 at the end of Q4 FY26.
A notable aspect of the business is that approximately 51% of revenue continues to originate from customers associated with ECO Mobility for more than five years, underscoring the strength of established client relationships.
Strategic and Governance Updates
During the quarter, strategic developments included unveiling a major upgrade to its proprietary in-house technology platform, designed for enhanced customer experience and scalability. The company also strengthened its strategic partnership with SIXT, which is being piloted through an exclusive India GSA arrangement involving both business and leisure travelers. Additionally, the Board of Directors recommended a final dividend of 2.38 per equity share for FY26, subject to shareholder approval at the upcoming Annual General Meeting.
About ECO Mobility
Founded in 1996 (originally Eco Rent A Car), ECO Mobility is one of India's largest chauffeur driven mobility providers, specializing in corporate clientele. The company operates in chauffeured car rentals (CCR) and employee transportation services (ETS) for Fortune 500 and BSE 500 companies, as well as individuals and hotels. With a fleet exceeding 19,550 vehicles, ECO Mobility provides global car rental solutions to its corporate clients across over 100 countries through its network of vendors.
ECOSMOBLTY Stock Price Movement
Ecos (India) Mobility & Hospitality Limited saw its stock rally on Tuesday, concluding the session at ₹132.37 after climbing 0.65% over the previous close. The equity traded amidst a total volume of 13,123 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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