Company Overview
Ecos (India) Mobility & Hospitality Limited (Scrip Code: 544239, Symbol: ECOSMOBLTY) reported its FY26 financial results and announced its 30th Annual General Meeting scheduled for September 21, 2026.
Financial Performance
For FY 2025-26, the company achieved consolidated revenue from operations of ₹8,081.58 million, representing 23.58% growth year-over-year. However, profit after tax declined by 4.19% to ₹575.77 million, with EBITDA margin compressing by 251 basis points to 11.62%. The company maintained a strong current ratio of 2.77 and reported negative net debt of ₹1,640.87 lakh, indicating cash exceeds debt.
Dividend Declaration
The board recommended a final dividend of ₹2.38 per equity share for FY 2025-26, with record date set for August 18, 2026 and payment scheduled on or before October 21, 2026. Dividend income is taxable in shareholders' hands with TDS deduction applicable.
Operational Highlights
The company completed 5.23 million trips during FY26, representing 29% growth, and serves 1,750+ organizations including 70+ Fortune 500 and 75+ BSE 500 companies. The fleet network comprises 20,000+ vehicles with over 90% vendor-owned, operating across 131 cities in India and 30+ countries worldwide.
AGM Agenda
The 30th AGM will be conducted via video conference on September 21, 2026 to adopt audited standalone and consolidated financial statements, re-appoint director Mr. Rajesh Loomba (who holds 19.37 million shares), and consider a special resolution to expand into event management business by altering the Memorandum of Association.
Subsidiary Structure
The group consists of four subsidiaries: Consulttrans Technology Solutions Private Limited (86.96% holding), Eco Car Rental Services Private Limited (100%), Ecreate Events Private Limited (100%), and newly incorporated Ecos Fleet Management Services Private Limited (100%, incorporated June 11, 2025).
Auditor Findings
Auditors issued unmodified opinions on the financial statements but reported adverse remarks under CARO 2020 for the holding company and three subsidiaries regarding transactions and compliance issues. Internal financial controls were found adequate and operating effectively.
Key Disclosures
Trade receivables showed significant increase in credit loss provision to ₹912.66 lakh due to disputed receivables of ₹791.43 lakh. The company held ₹10,607.94 lakh in quoted investments (mutual funds and equity shares) and reported contingent liabilities of ₹639.60 lakh for indirect tax cases.
Corporate Governance
Board changes included resignation of Mr. Rajeev Vij as Independent Director and appointment of Ms. Vandana Chamaria. Remote e-voting for the AGM will be facilitated by National Securities Depository Limited from September 18-20, 2026.