Key Financial Performance

Q2 FY27 Financial Results (₹ Million)

  • Total Revenue: ₹2,384.45 million, up 10.32% YoY from ₹2,161.44 million in Q2 FY26
  • Revenue from Operations: ₹2,345.06 million, up 9.48% YoY from ₹2,142.08 million in Q2 FY26 and 10.94% QoQ growth
  • EBITDA (Excl. Other Income): ₹279.49 million, up 13.78% YoY from ₹245.65 million in Q2 FY26 and 27.93% QoQ growth
  • EBITDA Margin: 11.92%, improved by 45 bps YoY from 11.47% in Q2 FY26 and 158 bps QoQ from 10.34% in Q1 FY27
  • Profit After Tax (PAT): ₹177.32 million, up 21.40% YoY from ₹146.06 million in Q2 FY26 and 21.87% QoQ growth
  • PAT Margin: 7.44%, improved by 68 bps YoY from 6.76% in Q2 FY26
  • EPS: ₹2.96 per share

H1 FY27 Financial Results (₹ Million)

  • Total Revenue: ₹4,535.65 million, up from ₹4,001.39 million in H1 FY26
  • Revenue from Operations: ₹4,458.78 million, up 12.79% YoY from ₹3,953.27 million in H1 FY26
  • EBITDA: ₹497.98 million, up 7.27% YoY from ₹464.22 million in H1 FY26
  • EBITDA Margin: 11.17%, compared to 11.74% in H1 FY26
  • PAT: ₹322.82 million, up 15.72% YoY from ₹278.97 million in H1 FY26
  • EPS: ₹5.38 per share

Balance Sheet Position as of September 30, 2026

  • Cash and Investments: ₹1,256.11 million (includes mutual fund of ₹243.37 million for which redemption requests had been initiated; redemption proceeds received subsequently)
  • Net Worth: ₹2,826.69 million
  • Debt-Free Balance Sheet: Maintained

Operational Highlights for Q2 FY27

  • Trips Completed: Approximately 1.58 million, representing ~15% YoY growth and ~7% QoQ growth
  • H1 FY27 Trips: Crossed 3 million, up ~21% YoY
  • Revenue Mix: ETS contributed 58%, CCR contributed 42% of revenue
  • Client Acquisition: Onboarded 72 new clients compared to 67 in Q2 FY26 and 61 in Q1 FY27
  • Active Client Base: 1,538 clients
  • Geographic Presence: Expanded to 160 cities (added 9 new cities during the quarter)
  • Fleet Size: Approximately 20,500 vehicles (owned and vendor-operated), up ~12% YoY
  • Fleet Composition: ~95% vendor-operated under asset-light model
  • EV Fleet: 475 vehicles, up from 460 in Q1 FY27 and 338 a year ago
  • Customer Loyalty: Around 50% of revenue from customers associated for more than five years

Strategic Developments

  • B2C App Launch: Launched ECO Mobility B2C app for premium chauffeur-driven car rentals for Android and Apple
  • Partnership: Continued building distribution for SIXT partnership under exclusive India GSA arrangement
  • Dividend: Shareholders approved final dividend of ₹2.38 per equity share for FY26 at the 30th Annual General Meeting held on September 21, 2026

Company Background

ECOS (India) Mobility & Hospitality Limited (formerly Eco Rent A Car), founded in 1996, is the largest chauffeur-driven mobility provider to corporates in India. The company provides chauffeured car rentals (CCR) and employee transportation services (ETS) to corporate customers including Fortune 500 and BSE 500 companies, individuals, travel and tourism companies, event organizers, and hotels. The company has pan-India presence in 160 cities and global capability to provide services in over 100+ countries through vendor network.