Ecos Reports Quarterly Results; Board Approves Business Diversification and Director Re-appointment
Ecos (India) Mobility & Hospitality Limited announced the outcome of its Board meeting held on Tuesday, August 11, 2026. The company released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Additionally, the Board approved the alteration of the Memorandum of Association (MOA) to enable the company to diversify into event management, and reviewed matters related to director re-appointment.The Board meeting addressed several material aspects of the company's operations, including reviewing financial performance, amending its business scope, and setting the record date for a potential final dividend declaration. The notice for the 30th Annual General Meeting (AGM) was also approved, which is scheduled to be held on Monday, September 21, 2026, via Video Conferencing or other Audio-Visual means. Furthermore, Tuesday, August 18, 2026, was set as the Record Date for determining eligibility for payment of the Final Dividend for the financial year ended March 31, 2026.
Financial Performance Highlights (in million)
The company provided unaudited standalone and consolidated results covering multiple quarters and a full financial year. Key figures from the financials are presented below:Standalone Unaudited Results of Ecos (India) Mobility & Hospitality Limited
| Particulars | Qtr ended June 30, 2026 (Unaudited) | Qtr ended March 31, 2026 (Audited) | Qtr ended June 30, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Income | ||||
| Revenue from operations | 2,060.56 | 1,989.86 | 1,776.43 | 7,810.42 |
| Other income | 38.18 | 36.31 | 28.64 | 113.57 |
| Total income | 2,098.74 | 2,026.17 | 1,805.07 | 7,923.99 |
| Total expenses | 1,909.01 | 1,826.93 | 1,618.50 | 7,165.00 |
| Profit before tax (1-2) | 189.73 | 199.24 | 186.57 | 758.99 |
| Total tax expenses | 45.74 | 39.43 | 53.93 | 186.94 |
| Net profit after tax (3-4) | 143.99 | 159.81 | 132.64 | 572.05 |
Consolidated Unaudited Financial Results for the quarter ended June 30, 2026 (in million)
| Particulars | Qtr ended June 30, 2026 (Unaudited) | Qtr ended March 31, 2026 (Audited) | Qtr ended June 30, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Total income | 2,151.20 | 2,103.78 | 1,839.94 | 8,194.49 |
| Total expenses | 61.55 | 79.43 | 1,907.25 | 186,68 |
| Profit before tax (1-2) | 191.64 | 50.67 | 50.90 | 764.10 |
| Net profit attributable to Owners of the Company | 144.66 | 145.26 | 1.09 | (35.99) |
Strategic Business Alterations and Governance Decisions
The Board of Directors approved significant corporate changes, including:* Alteration of Object Clause: The company approved the addition of Event Management as an additional line of business to its Memorandum of Association (MOA). This change is intended to enable the company to diversify into event management services alongside its existing car rental and mobility services.
The proposed scope includes organizing corporate, government, private, and social events, conferences, exhibitions, concerts, fashion shows, roadshows, brand launches, promotional events, weddings, festivals, award functions, entertainment shows, and incentive travel. Related services such as venue management, décor, fabrication, audio-visual arrangements, transportation, ticketing, bookings, and governmental permissions are also within the scope of the proposed alteration.
* Re-appointment of Director: The Board reviewed the re-appointment of Mr. Rajesh Loomba (DIN: 00082353), who retires by rotation at the ensuing Annual General Meeting.
Details of Director Seeking Re-appointment
The board review included details regarding Mr. Rajesh Loomba, noting his appointment to the Board on February 15, 1996. He is associated with the Company since that date and holds a bachelor's degree in commerce from the University of Delhi. Mr. Loomba was inducted into the 'Global Hall of Fame' in 2019 by the World Auto Forum for his contribution to shared mobility in India and the world.Consolidated Entity Structure
The consolidated results encompass the performance of the Holding Company, Ecos (India) Mobility & Hospitality Limited, along with its subsidiaries:| Name of the entity | Relationship |
|---|---|
| Ecos (India) Mobility and Hospitality Limited | Holding Company |
| Consulttrans Technology Private Limited | Subsidiary |
| Ecreate Events Private Limited | Wholly owned subsidiary |
| Eco Car Rental Services Private Limited | Wholly owned subsidiary |
| Ecos Fleet Management Private Limited | Wholly owned subsidiary (w.e.f. June 11, 2025) |
ECOSMOBLTY Stock Price Movement
On Tuesday, Ecos (India) Mobility & Hospitality Limited shares edged higher in the market, closing at ₹132.37 after gaining 0.65%. The equity settled with a traded volume of 13,123 shares during the previous day’s 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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