Ecos Mobility FY26 Revenue Up 23.6% to ₹8,082 Mn

Financial Performance Highlights

Q4 FY26 Performance (Consolidated)

Revenue from operations: ₹2,067.60 million (up 16.65% YoY from ₹1,772.41 million)
Other income: ₹36.18 million (vs ₹29.46 million in Q4 FY25)
Total income: ₹2,103.78 million (up 16.76% YoY)
EBITDA (excluding other income): ₹241.53 million (down 8.74% YoY from ₹264.67 million)
EBITDA margins: 11.68% (down 325 bps from 14.93% in Q4 FY25)
Profit before tax: ₹196.53 million (down 12.92% YoY from ₹225.70 million)
Profit after tax: ₹157.37 million (down 12.90% YoY from ₹180.68 million)
PAT margins: 7.48% (down 255 bps from 10.03%)
EPS: ₹2.63 (vs ₹3.01 in Q4 FY25)

FY26 Annual Performance (Consolidated)

Revenue from operations: ₹8,081.58 million (up 23.58% YoY from ₹6,539.64 million)
Other income: ₹112.91 million (vs ₹99.33 million in FY25)
Total income: ₹8,194.49 million (up 23.43% YoY)
EBITDA (excluding other income): ₹939.29 million (up 1.67% YoY from ₹923.88 million)
EBITDA margins: 11.62% (down 251 bps from 14.13% in FY25)
Profit before tax: ₹764.10 million (down 3.84% YoY from ₹794.61 million)
Profit after tax: ₹575.77 million (down 4.19% YoY from ₹600.97 million)
PAT margins: 7.03% (down 202 bps from 9.05%)
EPS: ₹9.60 (vs ₹10.02 in FY25)

Operational Highlights

Completed approximately 5.23 million trips during FY26, representing 29% year-on-year growth
Onboarded 223 new clients, taking active client base to over 1,750 clients
Expanded fleet capacity to over 20,000 vehicles
Operations across 130+ cities in India and 30+ countries worldwide
Ground transportation services in 100+ cities in India

Balance Sheet Position (as of March 31, 2026)

Total assets: ₹4,134.93 million (vs ₹3,414.02 million as of March 31, 2025)
Total equity: ₹2,649.37 million
Non-current assets: ₹710.69 million
Current assets: ₹3,424.24 million
Trade receivables: ₹1,070.21 million
Cash and cash equivalents: ₹241.88 million
Other bank balances: ₹69.86 million
Loans: ₹4.05 million
Other financial assets: ₹752.09 million
Current tax assets: ₹30.74 million
Other current assets: ₹192.29 million
Assets held-for-sale: ₹1.83 million
Total liabilities: ₹1,484.21 million
Non-current liabilities: ₹134.23 million
Borrowings: ₹61.04 million
Lease liability: ₹73.19 million
Current liabilities: ₹1,349.98 million
Financial liabilities: ₹1.07 million
Borrowings: ₹15.68 million
Lease liability: ₹880.07 million
Trade payables: ₹346.19 million
Other financial liabilities: ₹21.17 million
Provisions: ₹85.79 million

Management Commentary

Rajesh Loomba, Chairman and Managing Director, stated that FY26 was an important year for ECOS as the company continued to strengthen its scale, deepen enterprise relationships, and expand operational network across India and international markets. The company strengthened digital capabilities through platform enhancements and implementation of a new core backend system aimed at improving operational efficiencies and customer experience. While continuing to invest in business expansion and organizational capabilities, the company remains focused on maintaining disciplined execution and balancing growth with profitability.

Business Overview

Provides comprehensive corporate transportation solutions with fleet ranging from economy to luxury cars, mini vans, and buses/vans
Direct presence in 30 cities with operations in 131 cities across India
Professionally trained and verified chauffeurs with best-in-class quality control
Largest and most profitable chauffeur driven mobility provider to corporates in India
FY26 revenue mix includes vendor operated and owned fleet vehicles

Key Business Drivers

High quality of service leading to strong brand recognition
Seamless integrations across front end applications and back-end systems
Long-standing customer relationships with high retention rates
Expansion into Tier-II and Tier-III cities in India and new geographies
Strengthening technology and talent pool for scale and operational excellence