ECOS (India) Mobility & Hospitality Limited (ECO Mobility), one of India’s largest chauffeur-driven managed mobility providers to corporates, has announced its unaudited financial results for the first quarter of financial year 2026-27 ended June 30, 2026.
Commenting on the Company’s overall performance, Mr. Rajesh Loomba, Chairman and Managing Director, ECO Mobility, said: “Q1 FY27 saw healthy operating momentum, with revenue from operations growing 16.7% year-on-year and trip volumes increasing 27%. We added 61 new clients during the quarter, taking our active client base to approximately 1,400, while expanding our pan-India presence to 151 cities. While margins during the quarter reflected changes in business mix and the operating cost environment, we remain focused on disciplined, profitable growth and improving operating efficiency as we scale. We continue to strengthen our technology platform and deepen our capabilities to support the next phase of growth.
“During the quarter, we continued to strengthen our platform with the launch of our new technology for CCR and further progress in our SIXT partnership. These initiatives expand the ways in which we can serve customers while remaining focused on our core enterprise business.
“As we look ahead, our priorities remain focused on adding high-quality enterprise relationships, deepening engagement with existing customers and selectively expanding into new markets. We believe the scale and capabilities we have built position ECO Mobility well to capture the long-term opportunity in organised corporate mobility.”
Performance Highlights
Revenue from Operations for Q1 FY27 stood at ₹2,113.72 Mn, representing YoY growth of 16.70% and sequential growth of 2.23%. EBITDA for the quarter stood at ₹218.47 Mn, while EBITDA Margin was 10.34%, compared with 12.07% in Q1 FY26 and 11.68% in Q4 FY26, primarily reflecting changes in revenue mix and higher operating costs during the quarter. Profit After Tax (PAT) stood at ₹145.50 Mn, up 9.50% YoY and down 7.54% QoQ. Cash and investments stood at ₹1,558 Mn as of June 30, 2026, reflecting a healthy balance sheet with low leverage.
From an operational perspective, the Company completed approximately 1.48 million trips during the quarter, representing growth of approximately 27% YoY and 7% QoQ. ETS contributed 59% of revenue, while CCR contributed the remaining 41%. The Company onboarded 61 new clients during the quarter, compared with 53 in Q1 FY26, taking its active client base to approximately 1,400, up approximately 18% YoY.
ECO Mobility also expanded its pan-India presence to 151 cities, adding 20 new cities during the quarter, while its international network now spans more than 100 countries. Its owned and vendor-operated fleet grew to approximately 19,550 vehicles as of June 30, 2026, up approximately 29% from around 15,150 vehicles a year ago, while the Company continued to operate under an asset-light model. The EV fleet increased to 460 vehicles, compared with 390 vehicles at the end of Q4 FY26.
The Company continued to benefit from strong customer retention, with approximately 51% of revenue coming from customers associated with ECO Mobility for more than five years. This, the Company said, reflects the strength of its long-standing client relationships and provides a stable foundation for future growth.